🧾 Intro
The Nasdaq Blockchain Economy Index is designed to measure the returns of companies that are committing material resources to developing, researching, supporting, innovating or utilizing blockchain technology for their proprietary use or for use by others.
The Index began on December 1, 2017 at a base value of 1,000.00.
TOP 10 HOLDINGS and Index Weight
• As of June 30, 2021:
1. COINBASE GLOBAL (COIN): 2.26
2. IBM ( IBM ): 1.87
3. ACCENTURE ( ACN ): 1.82
4. SILVERGATE CAPITAL (SI): 1.81
5. FUJITSU (6702): 1.80
6. OVERSTOCK.COM ( OSTK ): 1.79
7. MICROSTRATEGY ( MSTR ): 1.78
8. BAIDU ( BIDU ): 1.78
9. JD.COM ( JD ): 1.76
10. SQUARE ( SQ ): 1.73
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Total = 18.41
Source: https://indexes.nasdaqomx.com/Index/Over…
Graphic Analysis
I believe this week we will see the breakout of that orange diagonal line, peaking up to the 0.5 retracement at $1443.60.