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The underlying basket of crypto assets in the 108 Token basket consists of the top 15 crypto assets ordered by supply-adjusted market capitalization, also known as Y2050 Marketcap (implied).
Supply-adjusted market capitalization for a cryptocurrency is a product of the expected number of coins in supply in 2050 and the current market price. Supply-adjusted market capitalization reduces the volatility in index price that is caused by the different supply schedules of various coins in the index. It also adjusts for inflation - by 2050, most of the top currencies will have reached maximum supply caps and thus completely eliminate inflationary pressure of new currency supply.
In other words, 108 Token team believes that supply-adjusted market capitalization is a better indicator than current market capitalization as the former accounts for differences in supply regimes of various protocols. For example - if you consider two identical protocols, one with 80% of the maximum supply in circulation and the other with 20%, then the protocol with lower percentage of coins in circulation will have a much lower market capitalization, despite the two protocols being identical.
Crypto markets are down across the board today with all the top 10 currencies trading in the red. Bitcoin, at $6,371 was the best performing (or least loss-making) currency, losing 1.55%, while Ethereum fell by 6.60% to $279.53. Tezos was the worst performing currency overnite, falling almost 20% after its strong bull run yesterday.
Data sourced from OnChainFX.com.
Crypto Tweet of the Day:
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BTC vs 108 Token Historical Performance:
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