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Polkadot and Cosmos Gain in a Rocky Week for Crypto: CoinDesk Indices Market Update
All but four cryptos in the CoinDesk 20 posted losses over the last week, led by declines in NEAR, BCH, and DOGE.
Updated May 3, 2024, 3:00 p.m. Published May 3, 2024, 2:52 p.m.
CoinDesk Indices (CDI) presents its bi-weekly market update, highlighting the performance of leaders and laggards in the benchmark CoinDesk 20 Index (CD20) and the broad CoinDesk Market Index (CMI).
Only four assets in the CoinDesk 20 gained week-to-date. Polkadot and Cosmos led the gains, both of which are multi-chain protocols that operate as networks of connected blockchains.
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Three assets in the index fell more than 10% this week – , dogecoin , and bitcoin cash .
The CoinDesk 20 is down 15% month-on-month, but has a one-year return of 87%.
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.
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What to know:
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