Crypto Price Index’s CPI tokens have now appreciated to over 20x their initial list price, having been trading on HotBit for one month, with additional listings on BitForex, Bilaxy, and DigiFinex just announced.
DeFi is a hot topic in the crypto space right now, and cryptocurrencies are finally being recognised for their true potential – as liberators of the classical financial structure. As the number of coins grows, however, so do the complexities in tracking and weighting investment decisions.
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Mainstream finance takes advantage of the bells and whistles which come as standard in a mature, developed industry – and traders and enthusiasts alike are making money with greater certainty, safety, and analysis as a result. Tools like the S&P500 and the DJIA are what the crypto industry has been calling for.
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Now, with CPI (Crypto Price Index) tokens, crypto enthusiasts can do just that. CPI offers users the ability to create a basket of the top 200 cryptos and track price movements. And what is immediately obvious, is that the market has taken well to CPI being released. After CPI’s recent announcement that trading on HotBit exchange would imminently commence, the price has risen a staggering 2,300%. And for a token which started at $5, that means the price is now over $115 for just one CPI.
Exchange Listings
To aid liquidity and accelerate CPI’s adoption as one of Crypto’s hottest upcoming DeFi projects, CPI is now available on Bilaxy and Hotbit with listings coming up on BitForex and Digifinex on August 18th. With the price already approaching $120, the effect of increased accessibility and opportunity for arbitrage will only accelerate interest in CPI and drive price increase further.
