Bitgur Index (BITEX):
766.54
+41.35
(5.7%)
The Bigur Index (BITEX) is a cryptocurrency market index made up of Bitgur First Tier cryptocurrencies. It is a modified cryptocurrency capitalization-weighted index.
Bitgur Index (BITEX) methodology
$IDX = Kidx * \sum_c{Supply_c * Price_c}$
$Supply$ - circulation supply
$Price$ - price of cryptocurrency in USD
$Kidx$ - coefficient of normalization = 3.0E-10
$c$ - bitgur first tier cryptocurrencies
$Supply$ - circulation supply
$Price$ - price of cryptocurrency in USD
$Kidx$ - coefficient of normalization = 3.0E-10
$c$ - bitgur first tier cryptocurrencies
Bitgur Index (BITEX) began on February 6, 2018.