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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%.
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.
STORY CONTINUES BELOW
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 (DOGE) and shiba inu (SHIB) 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.
Tracy Stephens
Tracy Stephens is Senior Index Manager at CoinDesk Indices, where she works to maintain the high standards of robustness and rigor of systematic trading found in traditional finance in index and data products. Before transitioning into crypto, she built systematic macro-trading strategies as a quantitative researcher at Alliance Bernstein, one of the largest asset managers in the U.S., and at Citibank. Tracy holds a Bachelor's degree in Math from Barnard College and a Master's degree in Data Science from the University of California, Berkeley.
