The latest CoinDesk Indices (CDI) market update reveals the recent performance of cryptocurrencies in the CoinDesk 20 Index (CD20) and the broader CoinDesk Market Index (CMI). Uniswap (UNI) emerged as the top gainer this week, with a significant 6.8% increase that pushed the token’s value above $11, up from $7 just one month ago. Ripple (XRP) also saw a positive return with a 4.1% gain.
On the flip side, alternative layer 1 tokens Internet Computer (ICP) and Near Protocol (NEAR) experienced notable declines of nearly 20%. Despite being ranked 15th and 16th by market capitalization, these assets underperformed compared to others in the index.
The CoinDesk 20 Index tracks the performance of leading digital assets and is available for investment on various platforms. In contrast, the CoinDesk Market Index includes around 180 tokens across seven crypto sectors, such as currency, smart contract platforms, DeFi, culture & entertainment, computing, and digitization.
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Overall, the market update highlights the ongoing volatility and fluctuations in the cryptocurrency space, with some assets outperforming others. Investors and enthusiasts should stay informed about these market trends and developments to make well-informed decisions regarding their crypto holdings.