Investors and the media have given a lot of attention to Bitcoin, Ethereum and various other cryptocurrencies, and a wider cast of players continue to get involved. The cryptocurrency market has increased in importance for financial investments, creating crypto millionaires. A.J. Boggs & Company, an internet product and cloud services firm headquartered in East Lansing, has developed the Yenso Index to help investors gauge changes in cryptocurrency markets.
A.J. Boggs’ CEO, J. Clarke Anderson, explained: “Traditional markets have their indexes. Now is the time for an index for the crypto market! The fundamental question is whether you want to navigate through this market with or without a lighthouse. The Yenso Index will illuminate your path.”
According to cointelegraph.com, cryptocurrency is a “digital or virtual currency designed to work as a medium of exchange. It uses cryptography to secure and verify transactions as well as to control the creation of new units of a particular cryptocurrency. Essentially, cryptocurrencies are limited entries in a database that no one can change unless specific conditions are fulfilled.”
All over the world, people are using cryptocurrencies to navigate their financial hurdles or access more widely accepted currencies, but cryptocurrencies provide various proficiencies that are disrupting markets and providing access to capital. The Yenso Index will operate as a reliable guide, offering an easy to understand indicator of the size of global cryptocurrency markets at no cost.
How does it work? The Yenso Index measures cryptocurrency market activities based on the market cap of major cryptos. The currencies in the index are chosen based on proprietary Yenso eligibility conditions: market capitalization, trading volumes, prior performance and founder/community qualities. Fluctuations in the Yenso Index offers a simple way to understand the dynamics and magnitude of the changes in the crypto market to facilitate investment decisions and diversification.
For more information, visit yenso.com.