There is a slew of direct and implicit reasons behind the crypto rally – from increasing retail adoption and U.S.-China tensions to limited crypto liquidity caused by ‘burning’, freezing or cyberattacks.
A vivid reflection of the altcoin quotes, the XAI index builds on real-time dynamics of six currencies that make up 30% of the crypto market capitalisation: Ethereum (ETH), Ethereum Classic (ETC), Ripple (XRP), Monero (XMR), Litecoin (LTC) and ZCash (ZEC).
At the time of writing, the XAI Fund’s aggregate capitalisation amounts to $18,300,651,728 with the current value of 1,146.46 points. In retrospect, this six-pack of premium cryptos has grown 300+ times, which makes XAI a sustainable high performer throughout the hectic year of 2017, 2018 and up to date. The XAI Fund has spiked by 77% since the beginning of 2019.
Crypto rally or not, some underlying assets may suddenly sink in terms of price and market capitalisation. To this end, the cap-weighted XAI index mitigates risks imposed by standalone crypto assets. The whole package is re-balanced based on crypto weights to keep investors net positive at all times.
Should a crypto weight exceed 35% (as is the case with ETH), it’s automatically fixed at this level while other weights are re-calculated in proportion to their respective capitalisations. All weights summed up make 100%. The current index stance is as follows: Ethereum 35%, Ethereum Classic 7%, Litecoin 14%, Monero 8%, Ripple 34%, ZCash 2%.
Check out EXANTE’s XAI Fund to ride the crypto bulls and stay tuned for more tidings from digital exchanges.