Upbit UBCI Reveals TOP3 Virtual Asset Sector Index Growth Rates During Trump Trade Period

Suehyeon Lee

Summary

  • Upbit UBCI announced the virtual asset sector index growth rates during the period from Trump's election to his inauguration, reporting that the 'Enterprise Blockchain' index showed the highest increase at 558.11%.
  • Hedera's price rose by 642.49%, leading the upward trend in the 'Enterprise Blockchain' sector.
  • Upbit UBCI stated that it will continuously enhance indices to support investors in making rational decisions.
Photo=Upbit
Photo=Upbit

Upbit UBCI announced on the 28th that it has revealed the TOP3 virtual asset sector index growth rates during the period from Donald Trump's election as US President to his inauguration.

According to Upbit UBCI, among 36 sectors, the 'Enterprise Blockchain' index showed the highest increase at 558.11%. Upbit UBCI is a service that provides standard indices for the virtual asset market, offering market indices and sector indices. Within the sector indices, virtual assets are classified into 36 sectors according to their functions, and indices are provided for each.

During the 'Trump Trade' period, which saw abundant liquidity from Trump's election to his inauguration, the sectors showing high growth were 'Enterprise Blockchain,' 'Lending,' and 'Oracle' in that order.

Among these, 'Enterprise Blockchain,' which showed the highest growth, consists of virtual assets that provide suitable functions or customized solutions for enterprises. It includes Hedera (HBAR), Stratis (STRAX), and Polymesh (POLYX). During the measurement period, Hedera's price rose by 642.49%, leading the overall sector's upward trend.

Meanwhile, Upbit UBCI also revealed the annual returns of the TOP3 sectors over the past year. The 'Enterprise Blockchain' and 'Lending' sectors also showed strong performance in annual growth rates. In terms of annual growth rates, the 'Enterprise Blockchain' sector increased the most at 209%, followed by 'Lending' at 148.45% and 'Payment Infrastructure' at 141.13%.

A representative from Dunamu, which operates Upbit, said, "We are continuously enhancing indices through Upbit UBCI to help virtual asset investors make rational decisions," adding, "We will develop and provide more indices to offer practical assistance to investors."

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Suehyeon Lee

shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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