Dogecoin is missing from the new CME index while Chainlink is in, despite being a third larger

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Dogecoin trades at $0.0848 on Tuesday afternoon and, at $13.2 billion, is markedly larger than Chainlink. In the new emerging index from CME and CF Benchmarks, Chainlink is in all the same and Dogecoin is not. Why that is, what the usage filter behind it measures, and what follows from it for holders in Germany.Dogecoin costs $0.0848 on Tuesday afternoon. Market capitalisation stands at $13.2 billion, roughly a third above that of Chainlink, which sits at $9.97 billion on the same day. Even so, the emerging index launched at the end of August by CME Group and CF Benchmarks lists Chainlink as a member and Dogecoin not. The reason is not in the price but in the rulebook: the index excludes memecoins and additionally measures how much value sits in the applications on a blockchain. On that second yardstick Dogecoin fails, and that explains more about the coming months than any single day's move. The CME index takes ten coins, and Dogecoin is not one of them CME Group and CF Benchma...