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DOGE and NEAR Lead CoinDesk 20 Gainers: CoinDesk Indices Market Update
The Near Protocol's Near token has more than doubled in price in 2024.
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)
This week's performance of the CoinDesk 20 was mixed as 8 of the 20 index members closed higher yesterday compared with last Friday’s close. There was a notable divergence between bitcoin (BTC) – which managed a modest gain – and ether (ETH), which posted a 1.7% decline.
STORY CONTINUES BELOW
Dogecoin (DOGE) led gainers over the last week, followed by (NEAR), which has more than doubled in value this year.
Internet Computer (ICP) was the largest underperformer this week, and is now lower by more than 40% since it reached its 2024 peak of $19 in March.
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.
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.
