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Which cryptocurrencies have the highest sector weights in the NASDAQ 100?

avatarRayanMVDec 26, 2021 · 3 years ago3 answers

Can you provide a list of cryptocurrencies that have the highest sector weights in the NASDAQ 100 index? I'm interested in knowing which cryptocurrencies are dominating the market and have a significant impact on the overall performance of the index.

Which cryptocurrencies have the highest sector weights in the NASDAQ 100?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    Sure! The cryptocurrencies with the highest sector weights in the NASDAQ 100 index are Bitcoin (BTC) and Ethereum (ETH). These two cryptocurrencies have a substantial influence on the overall performance of the index due to their large market capitalization and widespread adoption. Bitcoin, being the first and most well-known cryptocurrency, holds the highest sector weight in the index. Ethereum, with its smart contract capabilities and growing decentralized finance (DeFi) ecosystem, also holds a significant sector weight.
  • avatarDec 26, 2021 · 3 years ago
    Well, when it comes to the NASDAQ 100 index, Bitcoin and Ethereum are the big players in terms of sector weights. Bitcoin, being the pioneer of cryptocurrencies, has the highest sector weight in the index. Ethereum, on the other hand, has gained popularity due to its smart contract functionality and the rise of decentralized applications (dApps). These two cryptocurrencies dominate the market and have a major impact on the overall performance of the index.
  • avatarDec 26, 2021 · 3 years ago
    According to the latest data, Bitcoin (BTC) and Ethereum (ETH) have the highest sector weights in the NASDAQ 100 index. Bitcoin, being the largest and most well-established cryptocurrency, holds the top spot in terms of sector weight. Ethereum, with its vibrant developer community and innovative blockchain technology, also has a significant sector weight. It's worth noting that these sector weights can change over time as the cryptocurrency market evolves and new projects emerge.