Upbit exceeds UBCI 5000-Paxnet News

[팍스넷뉴스 공도윤 기자] The digital asset (virtual asset) index UBCI (Upbit Cryptocurrency Index) serviced by Virtual Asset Exchange Upbit surpassed 5000.

Among UBCI, UBMI (Upbit Market Index), which is the entire market index, is recording 5324.35 as of the 6th. UBMI’s surpassing 5000 means that the digital asset market has grown more than five times since the base date.

UBCI is a digital asset index launched in May 2018 and is calculated based on the digital asset market as of October 24, 2017 (1000). Representative UBCI indexes include ▲Market Index divided into Bitcoin and Altcoin ▲Theme Index for theme investment ▲Strategic Index for strategic and quantitative investment.

The’Bitcoin Group Index’, which includes bitcoin, bitcoin cash, and bitcoin SV, recorded 6898.95 as of the 6th, and increased more than 6 times. With the recent surge in bitcoin price, it seems that a large number of digital asset market purchases have been made, centering on bitcoin and digital assets hard forked from bitcoin. UBAI (Upbit Altcoin Index), an altcoin index excluding bitcoin, is recording the 2000 line (2321.10 based on 6 days), which doubled during the same period.

Dae-Hyun Kim, Data Value Team Leader of Doonamu, an Upbit operator, said, “Although more and more investors are interested in digital assets due to the surge in bitcoin prices, there are cases where investment indicators that can confirm the overall market situation are not properly verified.” UBCI is the first digital asset index in Korea to show how much the digital asset market has grown, which themed assets are gaining popularity, and the flow and direction of the entire digital asset market with vast data and index, so it is helpful to refer to it before making an investment decision. “It is done.”

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