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CDS Crypto News NEAR and SHIB Rise Above: CoinDesk 20’s Standout Performers

Crypto News

NEAR and SHIB Rise Above: CoinDesk 20’s Standout Performers

Despite market volatility, most assets saw gains, though some notable decliners emerged as well.

Ecem EFE27/04/20241 Mins read371

Near And Shib Rise Above: Coindesk 20'S Standout Performers

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.

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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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Ecem EFE

Since 2022, Ecem has been creating digital content, combining her passion for technology with writing. Continuing her education in the Mathematics department, Ecem focuses on producing in-depth content on areas such as blockchain, artificial intelligence, and cryptocurrency. She aims to simplify these topics and present them to a wide audience, sharing valuable insights into the crypto industry through her writing. With her innovative content, she strives to raise awareness in the digital world.

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