Investors will now be able to monitor the performance of their investments relative to the general market. Unlike the traditional financial markets, it can be hard for crypto investors to gauge how well their investments are performing in relation to the market. This fragmented nature of the market makes investors rely on major crypto coins as the main benchmark for any investment decision.

Relying on the prominent base pair, BTC as the main benchmark can lead to various problems. As a result, it can diminish the understanding of the portfolio performance of an investor. As the crypto-coin markets start to mature, investors will require new tools that can offer better insight into how their holdings are performing.

The AltDex is a crypto index platform, which brings an industry-first set of market capitalization-weighted indices. These indices cover various digital asset categories. Included in this launch are the AltDex 100 Index, AltDex Exchange Token Index, and the AltDex Privacy Coin Index. AltDex will leverage an adjusted market-cap-weighted approach to filter each of the indices. The indices are reviewed and rebalanced at the start of the month.

All the coins within an index will be weighted according to a market cap average from more than 90 exchanges and 22,000 trading pairs. The weighting is done automatically after 5 minutes. Every index will have an initial value of 100.

AltDex was launched in June 2018 on the backdrop of a push to mainstream the adoption of crypto coins. Right now, there is no schedule in place for the release of the indices. However, the platform does have an official Twitter account where official announcements will be made.

If you want your project included in a specific index, it will be possible to submit it. As long as a project meets the state criteria, it will be considered. You will need to submit project data and a statement on why a project needs to be included in the index. They have offered an email for these submissions.

Right now, there is no API for the AltDex platform. However, they will soon place support for select companies and sites which wish to display the AltDex indices. To make money, the AltDex platform has come up with advertising programs. Those who wish to advertise need to get in touch with the AltDex project developers.

The AltDex indices offers are simple market monitoring tools. No one should ever use them as in investment tool to make any investment decision. A team of economists and researchers who are behind the successful SludgeFeed platform does the management of the AltDex platform. Thus, you can expect high-quality information when you visit the site.

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