As we all know, it takes a lot of effort to make money in stocks, derivatives or futures because there are a lot of factors working all at once. Stocks are always a volatile investment yet the most profitable one because the risk involved in trading stocks. More risk, more Return!
Now, with the inception of Blockchain Technology, cryptocurrencies came into existence and trying to surpass the traditional investment instruments. The fact is cryptocurrencies are fairly new, so it bring itself a huge potential for future and that's why crypto's pricing are increasing enormously and at the same time with high volatility. By far, cryptocurrencies are the most volatile investment leaving behind the volatility of stocks.
Most of the cryptocurrencies are still in 'work-in-progress' stage and has very few fundamentals to rely at. This leaves an investor depending upon the only Technical Analysis. But like Stocks have S&P 500 index which provides investors valuable information about stock's past pricing and insight about it's future pricing, cryptocurrencies lacked any index of this kind.
But now an index has been created by a blockchain based platform, named Hedge Token.
Hedge Token (HDG) Brief Overview
Hedge Token is a platform based on Blockchain, introducing the trading solutions as well as introducing S&P 500 like index for cryptocurrencies in order to make an effective and profitable trade with ease.
Hedge Token has developed a platform in which investors can come and find the valuable information they need about cryptocurrencies along with their technical analysis, past pricing, project updates and future insight.
All in all, Hedge token promises to be a one stop shop for all crypto needs.
Now, Let's have look at the description of Top 30 Crypto Index introduced by Hedge Token
Top 30 Cryptocurrency Index
Like a stock index, which provides valuable information about stock prices as well as it's comparison with other major stocks, cryptocurrencies never had a tool of this sort to gather information about cryptocurrencies at one place and on the basis of that information, Technical Analysis can be done using many indicators and oscillators.
But now, Hedge Token has introduced a crypto index. This index works like S&P 500 except it tracks the price of top 30 cryptocurrencies in crypto space by market capitalisation. The main highlight about this Index is that, it doesn't include any recent ICO's listed in crypto exchanges even though they have significantly higher capitalisation as they are prone to very low reliability and high risk.
This Index will allow it's users to analyse top 30 crypto prices along with their corresponding effects on each other. It offers many trading tools like MACD, RSI, STOCKRSI, Bollinger Bands or some trading trend following theories like Elliot Wave theory to come with with an effective trading decision.
Hedge Token platform is also working in development of other crypto indices like Crypto Asset Index, Crypto Income Index and Industry Specific Crypto Traded Indices in order to help traders as well as investors to make a reliable investment.
Hedge Token (HDG) Crowd Sale
Hedge Token crowd sale is live and everyone can deposit ETH into this project to reap the benefits later. ICO will run for month, ending on 15th October, 2017.
Hedge Tokens are the ERC-20 Based tokens with a hard capital of $15 Million.
Hedge Token Statistics:
Total Supply: 50 Million HDG Tokens
Total ICO Supply: 20 Million HDG Tokens
Price Per Token: 0.002 ETH
Have a look on their website and whitepaper to get to know more about this project.
Disclaimer: This is not an investment advice of any sort. Please use your own diligence while making investment decisions. This page will not liable for any investment loss.
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