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[News] Upbit Highlights Key Digital Asset Trends for UBCI 2nd Anniversary


[SEOUL – May 11, 2020] To mark the 2nd anniversary of the Upbit Cryptocurrency Index (UBCI), Upbit analyzed UBCI data and identified three key trends for the Korean digital asset market. The data analysis period was from October 1, 2017 to May 6. 2020.

  1. Bitcoin and forked spin-offs remain strong investments
UBCI’s BTC Group index, comprised of Bitcoin and forked spinoffs including Bitcoin Cash, Bitcoin SV, and Bitcoin Gold, more than doubled during the data analysis period. The index increased 109.6% (from 1,000 to 2,095.65), signifying that investor interest in Bitcoin-based digital assets have remained high since late 2017. Comparatively, the ETH Group index decreased by 28.7% to 713.43 during the same period.

  2. High profile digital assets continue to add value
Among Strategy Indexes, the Low Volatility Top 5 Index showed the largest growth at 92.2%. Comprised of 5 digital assets (equally weighted) with the least volatility among the Upbit Top 30 Index, it frequently includes assets with high market capitalization such as Bitcoin, Ripple, and Litecoin.

  3. Blockchain-based authentication projects show biggest drop
When looking at specific blockchain industries and services, the Authentication Theme Index showed the most dramatic decline, falling 93.9% since the start of the index. Advertising, Platform, and Decentralized Exchanges were able to maintain their value relative to other theme indexes.

All UBCI indexes are available at the official site. The UBCI team also publishes a free Weekly Report, which offers a free, one-page summary of the previous week’s key market trends.