Kaiko's EAGLE Index, Featuring DOGE, Outperforms BTC & Nvidia Since Launch
Kaiko, a leading crypto data provider, has introduced the Kaiko EAGLE Index, a ranking of the top five U.S.-related crypto assets. The index, which includes DOGE, a meme coin, has shown impressive performance since its launch.
The Kaiko EAGLE Index is a weighted ranking based on asset size (75%) and momentum (25%). Kaiko's team of data scientists and financial experts developed the index, which has outperformed BTC and major assets like Nvidia stocks since January 2023. Notably, the index includes DOGE due to its strong liquidity, high volume, and market relevance. Since November, each asset in the index has risen, with XRP, LINK, and DOGE experiencing the largest returns. This performance suggests that meme coins like DOGE could attract serious capital and become part of the investable universe, as indicated by meme coin ETF applications.
The Kaiko EAGLE Index, a product of Kaiko's industry-leading research, has proven to be a strong performer in the crypto market. Its inclusion of DOGE, a meme coin, and impressive returns since launch indicate the potential of these assets in the investable universe.
