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If we visit the CoinMarketCap website, Bitcoin no longer holds the top spot; it has been replaced by the CoinMarketCap DTF Index (CMC20 DTF). The CMC20 DTF works similarly to an ETF or mutual fund, directly tracking the 20 cryptocurrencies with the largest market caps (excluding stablecoins and problematic cryptocurrencies) in real time. The CMC20 DTF also operates similarly to the LQ45 and S&P 500 indexes for stocks, allowing users/traders to track transparency and unbiased crypto markets and monitor market movements.
The CMC20 is not only an index but also has its own native token, the DTF (Decentralized Token Folio), or CoinMarketCap 20 Index DTF, which is traded directly on crypto exchanges and transacted on the BSC network.
While the CMC20 DTF has the aforementioned benefits, it also has drawbacks. The crypto market is heavily dominated by Bitcoin and Ether, so the CMC20's movements are heavily influenced and move in accordance with these two cryptocurrencies.
The CMC20 is not only an index but also has its own native token, the DTF (Decentralized Token Folio), or CoinMarketCap 20 Index DTF, which is traded directly on crypto exchanges and transacted on the BSC network.
While the CMC20 DTF has the aforementioned benefits, it also has drawbacks. The crypto market is heavily dominated by Bitcoin and Ether, so the CMC20's movements are heavily influenced and move in accordance with these two cryptocurrencies.