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CPI Token Storms out of the Gates with over 2,300% Price Increase in Under 1 Month, and Several New Exchange Listings This Week

Bitcoin Press Release: 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.

 

17th August 2020, St Julian’s, Malta – 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.

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.

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.

 

Increased Emirati Support

After news in 2019 of UAE royal acquisition of shares in CPI, it has now been announced that Sheikh Abdullah Bin Rashed Al Sharqi has taken the role of co-founder of the project. The business acumen and wealth of Sheikh Al Sharqi will be a strong asset for Crypto Price Index in 2020 and beyond. 

 

Early Round Funding

The founders of CPI decided to avoid funding the project via crypto-traditional methods like ICO or IEO campaigns, choosing instead to secure early investment from wealthy business associates and accredited investors. Early contributors agreed to lock up their tokens for a set period of time so the project doesn’t have the typical heavy sell pressure seen by most crypto projects upon exchange listing. This, combined with increased retail demand for CPI tokens, has helped CPI quickly become one of the fastest growing tokens in the marketplace. 

“My thought is since we restricted previous token sales it will allow a smooth transition to trading in the secondary markets” said Herbert Law, CEO of CPI.

“This prevents the big sell offs commonly seen in the crypto market that are a result of poor planning,” he added.

The price increases beg the question – With the DeFi wave powering through crypto, and CPI already showing its’ potential to do for Crypto what the S&P500 has done for traditional finance, where will CPI stop? 

 

Visit the CPI website to find out more information and see which exchanges CPI is trading on: https://www.cpiindex.io/

 

Chat on Telegram: https://t.me/CPIndex

 

Keep up with the latest on Facebook: https://www.facebook.com/cryptopriceindex/

 

Catch the buzz on Twitter: https://twitter.com/Index_price

 

Check in on LinkedIn: https://www.linkedin.com/company/crypto-price-index/

 

Media Contact Details

Contact Name: Herbert Law

Contact Email: [email protected] 

 

CPI is the source of this content. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest. The CPI token sale is closed to participants of all countries in which token sales are illegal. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Token sales are only suitable for individuals with a high risk tolerance. Only participate in a token event with what you can afford to lose.

 

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The post CPI Token Storms out of the Gates with over 2,300% Price Increase in Under 1 Month, and Several New Exchange Listings This Week appeared first on BitcoinNews.com.

Emirati-Backed DeFi Platform Crypto Price Index to Introduce Dow Jones Crypto Equivalent

There has been tremendous market uncertainty in 2020. Many new projects are being scrapped without any future launch dates across many industries around the world. However, the same is not true for the crypto market as a lot of new crypto tokens have been launched this year with many others still in the pipeline for launch this year. In fact, over 2,250 crypto coins and counting are being minted daily.

 

A Long-Awaited Solution for a Major Issue Faced by the Crypto Investors

The cryptocurrency market started seeing astounding growth in 2017 and since then, the number of cryptocurrencies has risen dramatically. This has made it tremendously difficult to keep up with new crypto projects and thus, it has impacted the ability of investors to decide which of these tokens are worthy to invest in. On the other hand, investor sentiment in the crypto space is still maintaining momentum, regardless of the enormous challenges that 2020 has brought.

 

Crypto Price Index (CPI) is an innovative platform that will offer an option to track the future path of any number of cryptocurrencies through a basket of assets monitored by the CPI index token. It will help both experienced and new crypto traders alike to access and assess the ever-evolving opportunities in the crypto-trading space. The platform will soon be launched after the initial listing of their index coins like CPI10, CPI30, CPI100 tracking 10, 30 and 100 crypto assets respectively. They also have plans for CPI200 and CPI500 if the market conditions are right. 

 

Dow Jones’ Crypto Equivalent Index

The Crypto Price Index will replicate the success of the Dow Jones industrial average, which was launched on May 26th, 1896. During its heyday, it tracked 12 major companies from each of the sectors of the US stock market. Today, it has grown further and now consists of 30 companies.  

 

A powerful algorithm will aid the CPI 30 index for delivering a single index price for the top 30 crypto assets and also offer a prediction of the future rates. CPI is aiming to solve the problem of price fluctuations among cryptocurrencies by leveraging blockchain technology. It is also capable of tracking even the ups and downs in the prices of the transactions that occur at a faster rate. There are plans to launch a CPI mobile app, which will offer the functionality of both a full payment system and social media apps. 

 

Partnership Between HotBit Exchange & Crypto Price Index

Like its peer decentralized finance projects, CPI places the steering wheel of the governance in the hands of its token holders. The CPI token holders will be given voting powers over inclusion of tokens and they can then decide on which assets should be added to the index.

Crypto Price Index has partnered with HotBit Exchange for the release of CPI tokens to the public, the first of its kind. They have priced each token at $5 and the sale will continue from July 15 to July 31, 2020. 

 

Royal Backing

The CPI project got a direct backing from a royal Emirati family in 2019. The support from very highly connected people like them is a stamp of proof that the Crypto Price Index project has a very high potential for success. This valuable partnership will also help the CPI team in terms of valuable financial advice and offer unparalleled support in terms of access to high-level business connections. The royal family believes in the vision of the Crypto Price Index and they agree that the crypto industry is in the need of an index that can gauge the market sentiment of the whole crypto industry. 

 

Interested in learning more about the project? Go check them out here: CPI project or at HotBit.ai

 

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