CoinDesk 20 Index Gains 19% as Meme Coin Shines
CoinDesk Indices (CDI) has released weekly charts for the CoinDesk 20 Index (CD20) and the broader CoinDesk Market Index (CMI).The CD20, which tracks the world's largest and most liquid cryptocurrencies, has gained 19% since last Friday's close, with all 20 tokens gaining.Meme coins Dogcoin (DOGE ) and Shiba Inu (SHIB) are up 49 percent and 41 percent, respectively. Only six assets in the CD20 failed to deliver double-digit weekly returns, including MATIC on the Layer 2 sidechain Polygon (+3.1%), UNI on the decentralized exchange Uniswap (+3.9%), FIL on the shared-storage platform FileCoin (+5.5%), ICP on the Layer 1 Internet Computer (+5.7%), and the prophecy machine platform Chaincoin (+5.7%). ), LINK of prophecy machine platform ChainLink (+8.7%) and XLM of payment network Stellar (8.8%). Outside of the CoinDesk 20, Meme Coin PEPE (+140%) and BONK (+109%) lead the 189-asset broad market CoinDesk Market Index.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Citi: Occidental Petroleum (OXY.US) Q3 cash flow surpasses expectations, accelerated debt repayment cannot hide concerns over Q4 output
Citi published a research report maintaining Occidental Petroleum's "Neutral" rating, with a target price of $65.
Bank of Japan minutes turn hawkish: Most members believe a rate hike is needed soon, with a 70% probability of a hike in December
Minutes from the Bank of Japan show that several members believe a rate hike is needed in the near term, with a roughly 70% probability of an increase in December. Core inflation has met the target for the first time in 30 years, and the current policy rate stands at 1.25%.
Former Chainlink Product Marketing Director Michael Robinson joins Monad Foundation
The Federal Reserve Eyes $1.8 Trillion in “Shadow Credit”: Dallas and New York Fed Launch First Private Credit Survey
The Dallas and New York Federal Reserves have launched an investigation into private credit lending standards, covering an industry worth 1.8 trillions USD, with a minimum threshold of 50 millions USD. The results will be released in the first quarter of 2027.
Crypto prices
More
