Crypto News- In the latest update from CoinDesk Indices (CDI), we delve into the recent performance of the leading cryptocurrencies featured in the CoinDesk 20 Index (CD20) and the broader CoinDesk Market Index (CMI). Despite some volatility in prices, the majority of assets within the Index saw gains, painting an optimistic picture for investors.
NEAR and SHIB Rise Above: CoinDesk 20’s Standout Performers
Over the past week, the CoinDesk 20 Index recorded a collective 2.1% increase, with most tokens closing higher on Thursday compared to the previous week. However, it’s worth noting that five tokens experienced a slight decline in value.
One standout performer was Near Protocol (NEAR), which surged by an impressive 24%. NEAR’s notable performance can be attributed to its recent strides in the decentralized AI sector, sparking investor interest and driving its value higher in recent weeks. On the flip side, Aptos (APT) struggled, witnessing a 5.1% decrease in value.
Filecoin (FIL) and Bitcoin Cash (BCH) were among the few assets that saw meaningful declines, highlighting some pockets of turbulence within the market.
Insights into CoinDesk Indices: Tracking Crypto Markets and Sector Trends
The CoinDesk 20 Index serves as a reliable barometer for tracking the performance of top digital assets and is accessible for investment across various platforms. Meanwhile, the broader CoinDesk Market Index encompasses approximately 180 tokens, spanning seven crypto sectors, including currency, smart contract platforms, DeFi, culture & entertainment, computing, and digitization.
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