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CRyptocurrency IndeX (CRIX) is a benchmark for the crypto-currency market.

A collaboration project from Humboldt University Berlin Germany, SKBI at Singapore Management University, and CoinGecko.

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More Info: CRIX Website | Methodology
# Coin Price ($) Market Cap (000 $) Volume (000 $)
1 BTC 2731.6 44,977,532 532,874
2 ETH 226.72 21,198,900 204,468
3 XRP 0.19 7,457,439 196,450
4 LTC 44.35 2,312,362 102,841
5 XEM 0.17 1,521,949 4,790
6 ETC 15.76 1,478,943 77,211
7 DASH 190.34 1,416,955 8,502
8 XMR 42.43 629,144 4,315
9 STRAT 6.23 613,472 11,222
10 BTS 0.17 449,700 20,137
11 ANS 8.57 428,500 29,776
12 ZEC 213.53 385,319 24,703
13 STEEM 1.59 377,034 2,602
14 WAVES 3.62 362,000 2,608
15 BCC 59.05 360,642 2,132
16 USDT 0.99 317,542 115,334
17 BCN < 0.01 310,256 1,525
18 ICN 3.00 300,000 1,146
19 SC 0.01 284,595 12,188
20 GNO 230.35 254,441 319
21 GNT 0.30 249,860 5,107
22 LSK 2.12 233,667 3,501
23 XLM 0.02 231,260 10,251
24 REP 20.86 229,460 1,789
25 DOGE < 0.01 215,888 5,411
26 GBYTE 555.91 203,409 628
27 FCT 22.25 194,760 5,420
28 DGB 0.02 170,930 39,190
29 MAID 0.37 169,360 950
30 GAME 2.53 160,878 3,492
31 DCR 27.86 150,097 836
32 ARDR 0.14 142,817 3,561
33 NXT 0.13 128,258 5,920
34 KMD 1.27 128,201 188
35 PIVX 2.19 118,063 536
36 DGD 58.9 117,800 700
37 SNGLS 0.15 89,257 297
38 1ST 0.92 79,003 17,030
39 BTCD 59.61 76,832 222
40 SYS 0.14 71,347 1,260
41 LKK 0.25 63,555 166
42 ARK 0.62 59,323 205
43 UBQ 1.50 56,265 666
44 PPC 1.96 47,397 596
45 XVG < 0.01 44,693 1,021
46 NXS 0.87 44,573 37
47 EDG 0.52 42,724 190
48 ROUND 0.05 41,425 230
49 EMC 1.02 41,229 766
50 XAS 0.54 40,254 4,093
51 WINGS 0.43 38,259 174
52 RDD < 0.01 37,482 408
53 LBC 0.53 36,408 3,391
54 RLC 0.42 33,486 91
55 NMC 2.16 31,884 646
56 MLN 51.52 30,881 146
57 MONA 0.56 29,587 79
58 NLG 0.08 29,276 44
59 BAY 0.03 28,818 47
60 VIA 1.10 25,110 415
61 AMP 0.30 24,854 526
62 CLOAK 4.71 23,869 224
63 BLK 0.28 21,699 1,052
64 OBITS 1.27 20,310 43
65 SJCX 0.56 0 146

What is CRIX?

The CRyptocurrency IndeX (CRIX) is a benchmark for the crypto-currency market.

With the growing amount of crypto-currencies and the diminishing domination of Bitcoin in the market, an index became necessary to track its development on the exchanges like the S&P500 does the same for the US stock market.

Commonly, a fixed amount of index constituents is chosen to represent the market. The chosen assets are allowed to change, based on transparent rules, but it happens in the big markets seldom.

But the market of crypto-currencies is different from fiat asset markets on many levels. One important difference is the frequently changing market structure. Due to the frequent changes a fixed number of constituents is a difficult choice.

For this reason, a team of researchers from Humboldt University at Berlin developed a methodology to amend the number of constituents in case the current market situation requires more crypto-currencies for an adequate representation of the market development.

The CRIX is realtime computed by the Ladislaus von Bortkiewicz Chair of Statistics at Humboldt University at Berlin, Germany. The development was a joint work together with SKBI at Singapore Management University and CoinGecko, who provide the data for the computation.

Methodology

  1. CRIX Formula: CRIX is a market capitalization weighted index. This means the weight of a cryptocurrency in CRIX depends on its market capitalization compared to the other cryptocurrencies in CRIX.
  2. Reallocation of the number of constituents: Every 3 month the development of the cryptocurrency market in the last 3 month is evaluated. It is checked how many of the top cryptocurrencies need to be part of CRIX to ensure a close fit to the market development. Due to the very volatile behavior of the cryptocurrency market and the frequent market structure changes, this approach showed to be effective. In case of a necessary change, the number of constituents is amended. A related approach is used for the well known CRSP indices for the US stock market.
  3. Ranking for constituents in CRIX: At the end of every month, the selected constituents are reallocated. The cryptocurrencies with the highest market capitalization are chosen and their weight in CRIX correspond to the share of the total market capitalization of all cryptocurrencies in CRIX.
  4. The number of constituents in CRIX is always a number evenly dividable by 5. Therefore, CRIX can contain 5, 10, 15, … constituents. The higher the number, the more cryptocurrencies are necessary for an adequate market representation.
  5. CRIX is constructed such that only price changes of a cryptocurrency cause a change of the index development. CRIX neither reacts to an increase in the number of available coins nor to the inclusion of a new cryptocurrency into the index.
  6. Reallocation: The reallocation period of the CRIX is 1 month to ensure that the index is always up to date. This period is taken rather short such that the CRIX can react faster to changes in the crypto market.
  7. Special events:
    a. If the price of a cryptocurrency is not available from the exchanges due to any reason, CRIX is made insensitive to this event such that the development of CRIX is not affected by this situation.
    b. If a cryptocurrency vanishes from the market while being part of CRIX, CRIX is made insensitive to this cryptocurrency until the next reallocation date. Then the corresponding cryptocurrency will be kicked out of CRIX.
  8. For more details about the CRIX methodology and research papers conducted on CRIX, please see the paper and the website.

Your Favorite Altcoin Not Listed Here?

Each week we will be adding a few new coins to this ranking. If you want to see your coin on this ranking earlier, drop us some comments and feedback at hello@coingecko.com

Like what we are doing? Donations are welcome!
Bitcoin BTC: 1ECGUKEosEhaZnywCVxw6e1VUcPRqGkhvd
Litecoin LTC: LZCRywjSPCXC2d8ybWgdTjyQrq7GRg3JqB
Dogecoin DOGE: DS3kJgp3mAdezrV5bmKKoXkUiR5tqbrAgg
Ethereum ETH: 0xfdec0b743e8ea2039d09eb62c42894607927070a
Peercoin PPC: P9eCsoFwUK7ZAKdCa7mrwfFr5NW1SMe4mf
Dash DASH: XwCDYgm8PjJHXN7Do8zCsymxptpQmQ691M
Feathercoin FTC: 6psFUUwC9Qq5bTYyyBkSsbrZbMiu4CiM9k
Reddcoin RDD: RpHm7cxhcUEP5YhRmMfsKqEfPzuAFPJnCd
Blackcoin BC: B7MfUueoNjG6RXcaw97rFSWCx1JhghupmS
Vertcoin VTC: VtMRFMRJDysdge2DTy9nubG8YvJBhFRcMQ