Every three months, the members of the DER AKTIONÄR Crypto TSI Index are examined for trend strength. Weak cryptos are replaced by stronger ones – these are the new stars on the crypto market.
It was a week ago when the crash in Japan’s leading index led to a significant price correction on the financial markets. Cryptocurrencies were unable to escape this, with Bitcoin losing more than ten percent at its peak. DER AKTIONÄR’s crypto strategy index was also affected by the turbulence.
When the index members were readjusted at the beginning of August, the following changes were made: Avalanche, Ethereum and Chiliz had to make way, and Ripple, Aave and Stellar were newly added to the index.
Ripple is an open-source payment network protocol being developed by Ripple Labs. At its core, Ripple uses a shared public database that contains a ledger of account balances. This ledger can also contain information about bids and offers of currencies and commodities, allowing it to function as a distributed marketplace. Participants in the network agree on changes to the ledger through a consensus process that occurs every two to five seconds to enable transactions without a central clearinghouse. Ripple differs from other cryptocurrencies in that it does not use a blockchain.
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Ghost is a decentralized finance (DeFi) protocol that allows users to lend and borrow cryptocurrencies without relying on traditional banks. It is built on the Ethereum blockchain and provides a platform where lenders can earn interest by depositing digital assets into liquidity pools. Borrowers can use this liquidity to take out loans, depositing their cryptocurrencies as collateral.
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Stellar is a cryptocurrency and payment protocol that aims to enable fast and low-cost transactions between different currencies. Unlike Ripple, which is heavily focused on banks and financial institutions, Stellar is geared towards supporting individuals and non-profit organizations.
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Instead of betting on a single cryptocurrency, investors with the index certificate WKN A2URRU have the opportunity to participate in the development of the ten most trending cryptocurrencies at the same time. More information about the rule-based index can be found here.
The price of the financial instruments is derived from an index as the underlying value. Börsenmedien AG developed this index and holds the rights to it. Börsenmedien AG has concluded a cooperation agreement with the issuer of the securities shown, according to which it grants the issuer a license to use the index. Börsenmedien AG receives remuneration from the issuers in this regard.
Reference to conflicts of interest
The CEO and majority owner of the publisher Börsenmedien AG, Mr. Bernd Förtsch, has directly and indirectly taken positions in the following financial instruments mentioned in the publication or derivatives related to them, which can benefit from any price development resulting from the publication: Bitcoin.
Reference to conflicts of interest
The board member of the publisher Börsenmedien AG, Mr. Leon Müller, has directly and indirectly taken positions in the following financial instruments or derivatives related to them mentioned in the publication, which can benefit from any price development resulting from the publication: Bitcoin.
