As a seasoned crypto investor with several years of experience under my belt, I closely follow the weekly market updates from CoinDesk Indices (CDI) to gain insights into the performance of various digital assets. This week’s update showcases a mixed bag of results for the CoinDesk 20 Index (CD20), with bitcoin (BTC) managing a modest gain and ether (ETH) posting a decline.


Each bi-weekly edition of CoinDesk Indices (CDI) showcases the latest trends in the crypto market by spotlighting the top performers and underperformers within the CoinDesk 20 Index (CD20) and the comprehensive CoinDesk Market Index (CMI).

This week’s CoinDesk 20 index exhibited varied results, with eight of its constituents ending the day higher than their last Friday closings. However, there was a significant disparity between the two leading cryptocurrencies. Bitcoin (BTC) inched up slightly, while ether (ETH) experienced a 1.7% drop.
Over the past week, Dogecoin (DOGE) emerged as the top gainer among cryptocurrencies. Hot on its heels was Near Protocol (NEAR), which has experienced a remarkable surge, nearly doubling in value during the current year.
DOGE and NEAR Lead CoinDesk 20 Gainers: CoinDesk Indices Market Update
As a researcher studying the cryptocurrency market trends, I’ve observed that Internet Computer (ICP) experienced the most significant underperformance among all the digital assets this past week. Regrettably, its value has dipped more than 40% since it peaked at $19 in March of 2024.
DOGE and NEAR Lead CoinDesk 20 Gainers: CoinDesk Indices Market Update

CoinDesk monitors around 20 leading digital assets that can be invested in through various platforms. The comprehensive CoinMarketCap (CMI) includes about 180 tokens, spanning six major crypto categories: currency tokens, smart contract platforms, Decentralized Finance (DeFi), culture and entertainment coins, computing tokens, and digitization tokens.

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2024-05-10 19:46