What is Huobi 10?
Huobi 10 is an index created by Huobi, one of the world's leading cryptocurrency exchanges. The index is composed of the 10 largest and most liquid cryptocurrencies, selected from the Huobi Global Digital Asset Exchange (Huobi Global). The index is designed to provide investors with an easy and efficient way to track the performance of the top 10 cryptocurrencies.
What does Huobi 10 track?
Huobi 10 tracks the performance of the 10 largest and most liquid cryptocurrencies, selected from the Huobi Global Digital Asset Exchange (Huobi Global). The index is composed of the following 10 cryptocurrencies:
Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), EOS (EOS), Litecoin (LTC), Huobi Token (HT),
Binance Coin (BNB), Cardano (ADA), and Tron (TRX).
How is the Huobi 10 calculated?
The Huobi 10 index is calculated using a modified market capitalization weighting method. The weight of each cryptocurrency is determined by its market capitalization relative to the total market capitalization of the 10 cryptocurrencies in the index. The market capitalization of each cryptocurrency is calculated by multiplying its price by the number of tokens in circulation.
What is the purpose of Huobi 10?
Huobi 10 is designed to provide investors with an easy and efficient way to track the performance of the top 10 cryptocurrencies. The index is intended to be used as a benchmark for investors who want to gain exposure to the cryptocurrency market, as well as a tool for traders who want to gain insight into the market dynamics of the top 10 cryptocurrencies.
