The ICO25 Average Index or as it was later renamed the ‘Token Industrials Average” was created on May 3rd, 2018 by Tony Valamontes
The ICO25 Average Index, or simply the ICO25, is an Ethereum Token market index that tracks how the top 25 tokens have traded during a standard trading session in the Ethereum market. The value of the ICO25 does not represent its component token market capitalization, but rather the sum of the price of one token value in Ethereum for each component token. The sum is calculated by an algorithm so as to generate a consistent value for the index.
“The illusion of randomness gradually disappears as the skill in chart reading improves.”–John J. Murphy
The Token Industrial Average is a price-weighted average of 25 tokens that are generally the leaders in their industry. It was created as indicator of the token market since May 3, 2018.
Most charts are focused on price action – which is valuable for certain purposes – but the long-term drivers of business value are fundamentals. What are a company’s sales? How efficiently are those sales being converted into cash for shareholders? These are questions that we attempt to answer with clear and simple charts.
While fundamentals may be the determining factor in traditional investment decisions, timing can be the difference between profits and losses. Whether you are looking for entry or exit points, analyzing trends, or gauging momentum, our technical charts empower your technical analysis.