That’s an interesting topic these days. With some projects hitting the top 10 in market cap without much tangibility behind them, doesn;t make for a good strategy.
To answer your questions, "yes, this is merely buying blindly the top N by Market cap - without any research"
That said, it;s purely for educational and information purposes to be able to just have an idea of how the market performed. I wouldn;t suggest using solely as the way to decide which to purchase. I strongly suggest using good ol’d fashined research still.
As a side tangent, I’ve been watching this data and collecting it for my own testing to see trends and such. I can tell you that there are some interesting concepts emerging. I’m working with a friend of mine who has a decade of TA analysis on Forex, Stocks,Options, and now crypto, and we are co-developing and back testing some interesting strategies. However, in all cases, they still require research to find quality projects. I don;t think it would ever be safe to buy without research personally.
Stay tuned to the pub. As i have more in terms of a sheet to share publicly, it will surface here.