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Meme Coins DOGE and SHIB Led CoinDesk 20 Gainers Last Week: CoinDesk Indices Charts
All 20 of the CD20 assets were positive on the week, with fourteen posting returns greater than 10%.
Updated Mar 8, 2024, 10:30 p.m. Published Mar 1, 2024, 5:33 p.m.
CoinDesk Indices (CDI) presents its weekly charts, a twice-weekly look back at the performance of individual names inside the CoinDesk 20 Index (CD20) and the broader CoinDesk Market Index (CMI).
The CD20 tracks the world's largest and most-liquid cryptocurrencies inside an investable index, while the broad-market CMI includes more than 150 tradable cryptos broken down into six sectors.
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The CD20 is up 19% since last Friday’s close, with all 20 tokens in the gauge having appreciated on the week. Meme coins dogecoin and shiba inu have seen outsized gains, posting advances of 49% and 41%, respectively.
Among the CD20, only six assets have failed to earn double-digit returns on the week. These include Layer 2 side chain Polygon's MATIC (+3.1%), decentralized exchange Uniswap's UNI (+3.9%), shared storage platform FileCoin's FIL (+5.5%), Layer 1 Internet Computer's ICP (+5.7%), oracle platform ChainLink's LINK (+8.7%) and payments network Stellar's XLM (8.8%).
Outside of the CoinDesk 20, meme coins PEPE (+140%) and BONK (+109%) lead the 189-asset broad market CoinDesk Market Index.
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