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NEAR and SHIB Led CoinDesk 20 Gainers Last Week: CoinDesk Indices Market Update

Apr 25, 2024

As an experienced financial analyst, I closely monitor the cryptocurrency market and follow the performance of various indices, including the CoinDesk Indices (CDI). The recent bi-weekly market update from CDI is particularly interesting, highlighting the gains made by some assets in the CoinDesk 20 Index (CD20) and the broader CoinDesk Market Index (CMI).

Each bi-weekly edition of CoinDesk Indices (CDI) showcases the latest developments in the CD20 Index (CoinDesk Benchmark Index) and the comprehensive CoinDesk Market Index (CMI). In this update, we focus on the top-performing and underperforming assets within these indices.

Most assets in the Index experienced an increase in value and ended up higher than their prices from a week prior on Thursday. This occurred even with volatile price movements. Only five tokens saw their values decrease during this time frame. The total return for the CoinDesk 20 was 2.1% over the course of the week.

Over the past few weeks, Near Protocol (NEAR) has surged ahead of the other coins in the CoinDesk 20 index, recording a noteworthy gain of 24%. This uptrend can be attributed to NEAR’s recent foray into the decentralized AI sector. Consequently, the protocol has experienced an impressive surge in value.
NEAR and SHIB Led CoinDesk 20 Gainers Last Week: CoinDesk Indices Market Update
Last week, Aptos (APT) stood out as one of the poorer performers, experiencing a decline of 5.1%. Among other assets, Filecoin (FIL) and Bitcoin Cash (BCH) were the primary instigators of significant price drops.
NEAR and SHIB Led CoinDesk 20 Gainers Last Week: CoinDesk Indices Market Update

CoinDesk monitors around 20 leading digital assets and makes them available for investment on various platforms. The comprehensive Classification of Crypto Assets (CMI) encompasses approximately 180 tokens, organized into seven main categories: currency tokens, smart contract platforms, Decentralized Finance (DeFi), culture and entertainment, computing projects, and those focused on digitization.

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2024-04-26 20:07