Blue chip collections are collections that have been in the market for a fairly long duration, and have displayed good performance. As such, these collections are look towards as reliable projects to invest in.
Blue chip collections are widely tracked by the market given its reliability. As such, the blue chip index tracks the performance of such blue chip collections in terms of their market cap. Should the blue chip index be low, it indicates that the market is in a fairly risk-off manner as even the top reliable collections are declining in performance.
Updated 3 months ago