As a seasoned crypto investor with a keen interest in following the performance of various digital assets, I find the CoinDesk Indices (CDI) bi-weekly market updates to be an essential source of information. This week’s update showcases some impressive gains, particularly from smart contract platform Near Protocol (NEAR), which has seen a remarkable 10% increase this week and over 50% growth month-on-month.


Each bi-weekly edition of CoinDesk Indices (CDI) showcases the latest trends, revealing the top performers and underperformers within the CoinDesk 20 Index (CD20) and the comprehensive CoinDesk Market Index (CMI).

As a crypto investor, I’ve noticed that almost all the top 20 cryptocurrencies by market capitalization according to CoinDesk, except for two, experienced price growth by Thursday. Bitcoin (BTC) surged by 7.6%, while Ether (ETH) gained 1.6%.
This week, Near Protocol’s (NEAR) token, which is used on the Near smart contract platform, experienced a 10% increase – the most significant gain among the index members. Over the past month, NEAR has surged by more than 50%, leaving Solana (SOL) as the second-best performer with its 20% growth.
NEAR Token's 10% Gain Tops CoinDesk 20 Last Week: CoinDesk Indices Market Update
Two cryptocurrencies experiencing a decrease this week are Cosmos’ ATOM, a Layer 0 platform, and Aptos’ APT as a Layer 1 solution. The former saw a drop of 3%, while the latter declined by 1.4%.
NEAR Token's 10% Gain Tops CoinDesk 20 Last Week: CoinDesk Indices Market Update

CoinDesk 20 tracks top digital assets and is investible on multiple platforms. The broader CMI comprises approximately 180 tokens and seven crypto sectors: currency, smart contract platforms, DeFi, culture & entertainment, computing, and digitization.

Read More

2024-05-17 19:36