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COINTURK NEWS > Altcoin News > GMCI Launches USA Select Index to Spotlight Key Altcoin Trends
Altcoin News

GMCI Launches USA Select Index to Spotlight Key Altcoin Trends

In Brief

  • GMCI's USA Select Index highlights significant altcoin trends in the U.S.

  • Recent political backing fuels interest in local cryptos and altcoins.

  • Market dynamics show an upward trend in adoption and trading volume.

İlayda Peker
İlayda Peker 3 months ago
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GMCI has introduced the USA Select Index, focusing on notable altcoin projects based in the United States. Since November, this index has surged 183%, climbing from $95 to $269.04, prominently featuring altcoins like XRP, SOL, and DOGE. Recent political developments and regulatory measures have further reinforced the United States’ influence in the cryptocurrency market.

Contents
Highlighted Altcoins in the IndexRecent Political Developments

Highlighted Altcoins in the Index

GMCI USA Select Index consists of 13 altcoins, with XRP, SOL, and DOGE making up approximately 66% of the index. Other components include notable projects like LINK, AVAX, SUI, ADA, and LTC. The index aims to provide a standard benchmark for investors seeking U.S.-focused strategies.

USA Select Index Altcoin

The index has gained remarkable momentum, particularly in the last three months. Increased user interest in cryptocurrency applications and the entry of institutional investors through ETFs have driven this growth. Additionally, specific maneuvers by certain projects targeting the U.S. market have bolstered confidence in the index.

Recent Political Developments

President Donald Trump’s executive order supporting the U.S.’s leadership in cryptocurrency has heightened interest in local altcoin projects. The formation of a cryptocurrency task force within the U.S. Securities and Exchange Commission (SEC) is taking steps to reduce regulatory uncertainties. This situation positively influences investors’ perspectives on U.S.-based cryptocurrencies.

Current market activity is fueled by both individual and institutional participation. The download rates of cryptocurrency applications have reached record levels, and trading volumes for spot Bitcoin $102,711 and ETFs are also increasing. Experts predict that new ETFs could be launched in the coming months, with the GMCI USA Select Index serving as a pivotal indicator during this process.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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İlayda Peker 30 January, 2025 - 12:05 pm 30 January, 2025 - 12:05 pm
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By İlayda Peker
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