Crypto Rupee Index (CRE8 Index)
Crypto Rupee Index (CRE8) is also known as The Pulse of Indian Crypto. It is an index of the crypto market in Indian rupees. CRE8 Index was introduced and launched by CoinSwitch Kuber. CoinSwitch is India's leading global cryptocurrency exchange platform. CRE8 is the first index that tracks the performance of the Indian crypto market in real time. It is based on the top 8 crypto assets by market capitalization, and it is updated over 1,400 times a day to ensure that it reflects the latest market movements.
Crypto Rupee Index (CRE8) is a first-of-its-kind Indian rupee-denominated crypto index capturing 85% of the total market cap. CRE8 is also a Web 3.0 and well-diversified Virtual Digital Asset (Crypto).
Use of the Crypto Rupee Index (CRE8)
The Crypto Rupee Index (CRE8) is used to analyze and benchmark users' crypto portfolios and help them make better investment decisions. CRE8 provides a holistic view of the overall crypto market to users and provides transparency into crypto assets. This is what users get with the CRE8 Index!
What are the CRE8 Assets?
Crypto Rupee Index (CRE8) tracks the top 8 cryptocurrency assets by market capitalization.
- Bitcoin (BTC)
- Ethereum (ETH)
- Binance Coin (BNB)
- Ripple (XRP)
- Cardano (ADA)
- Solana (SOL)
- Polkadot (DOT)
- Dogecoin (Doge)
What is the Index Value in CRE8?
The construction of CRE8 Index is calculated based on weighted, market capitalization (square root) methodology. Here the index value is the sum of crypto asset values of all CRE8 Index crypto assets. I.e., Index Value = (sum of crypto asset values of all CRE8 Index crypto assets)
Index Value = (BTC + ETH + BNB + XRP + ADA + SOL + DOT + Doge)
Calculate CRE8 Index Value:
Crypto Asset = (Current Market Value/Base Market Value) * Base Index Value
Individual Crypto Value Calculation:
- BTC Crypto Value = (CMV/BMV)*BIV
- ETH Crypto Value = (CMV/BMV)*BIV
- BNB Crypto Value = (CMV/BMV)*BIV
- XRP Crypto Value = (CMV/BMV)*BIV
- ADA Crypto Value = (CMV/BMV)*BIV
- SOL Crypto Value = (CMV/BMV)*BIV
- DOT Crypto Value = (CMV/BMV)*BIV
- Doge Crypto Value = (CMV/BMV)*BIV
Here CMV stands for Current Market Value, BMV stands for Base Market Value and BIV stands for Base Index Value.
After calculating all crypto assets, determine CRE8 Index Value. Calculate the total sum of crypto asset values of all CRE8 Index crypto assets.
CRE8 Index Value = (BTC Crypto Value + ETH Crypto Value + BNB Crypto Value + XRP Crypto Value + ADA Crypto Value + SOL Crypto Value + DOT Crypto Value + Doge Crypto Value)
Crypto Rupee Index FAQs:
Q. How to invest in CRE8 Crypto?
You cannot invent CRE8 Crypto as it is only understands the market of crypto in India.
Q. Where to check the CRE8 Index Chart?
You can access the CRE8 Index Chart at coinswitch.co/crypto-index
Q. Is there a mobile app to access the CRE8 Crypto Index?
No, currently there is no mobile app to access CRE8 Crypto Index. Soon it will be launched on CoinSwith Kuber App.
Q. How to trade the CRE8 Crypto Index?
No, the CRE8 Crypto Index cannot be traded! CRE8 Crypto Index is only used for informational purposes to understand crypto currency market in India.