Fundstrat develops five cryptocurrency indexes

Thomas Lee, an experienced Wall Street strategist and a businessman from Fundstrat, who predicted a large growth of Bitcoin in the next few years, has created special indexes to follow the cryptocurrency price and dynamics, CNBC reports.

As he himself explained this, Fundstrat indexes were created with the aim to better understand the evolution and behavior of cryptocurrencies.

These five indexes are different to each other in the following: FS Crypto 10 gets the stats of 10 top expensive digital currencies, FS Crypto 40 – from 11th to the 50th currency in the same list, FS Crypto 250 – from 51th to 300th and, lastly, FS Crypto 300 tracks no less than 630 digital currencies.

The representative of Fundstrat has stated to CNBC that these indexes were created exclusively for research purposes and not for any specific corporation. Analysts used their own, special proprietary algorithm.