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NEAR and SHIB Led CoinDesk 20 Gainers Last Week: CoinDesk Indices Market Update

The majority of the assets posted gains despite a choppy market, but there were notable decliners as well.

CoinDesk 20 top performers (CoinDesk Indices)
CoinDesk 20 top performers (CoinDesk Indices)

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).

The majority of assets within the Index closed Thursday higher than they did a week earlier despite choppy price action. Just five tokens closed lower. Overall, the CoinDesk 20 gained 2.1% on the week.

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Near Protocol (NEAR) continued to outperform the rest of the CoinDesk 20 with a 24% advance. The protocol has recently been making moves in the decentralized AI space, which has coincided with an outsized move higher over the past few weeks.

cd20 leaders

Aptos ((APT)) was among the undeperformers, losing 5.1% of its value last week. Filecoin ((FIL) and bitcoin cash ((BCH) were the only other assets to see meaningful moves lower.

cd20 laggards

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.

Tracy Stephens