The cryptocurrency market is experiencing significant growth, with NEAR Protocol leading the charge as it gains 6.3% in weekly performance. Meanwhile, Litecoin joins the list of top performers, increasing by 5.9%, while Stellar Lumens and Hedera Hashgraph trail behind.
CoinDesk 20 Performance Update: NEAR Gains 6.3% as Index Trades Higher From Thursday
Leaders Emerge Amidst Market Movement
The CoinDesk 20 is currently trading at 3949.35, up 1.1% (+41.73) since 4 p.m. ET on Thursday. Sixteen of the 20 assets in the index are trading higher.
Top Performers: NEAR and LTC Shine
NEAR Protocol (NEAR) stands out as a top performer, gaining 6.3%. Litecoin (LTC) also joined the list of leaders, increasing by 5.9%.
Laggards: XLM and HBAR Trail Behind
On the other hand, Stellar Lumens (XLM) is lagging behind with a loss of -3.4%, while Hedera Hashgraph (HBAR) trails closely with a decrease of -3.3%.
About the CoinDesk 20 Index
The CoinDesk 20 is a broad-based index that is traded on multiple platforms in several regions globally. It aims to provide a comprehensive representation of the cryptocurrency market, tracking the performance of leading assets.
CoinDesk Indices Team
This daily market update is brought to you by the team at CoinDesk Indices, with input from Tracy Stephens, Senior Index Manager. With a background in systematic trading and data science, Tracy works to maintain the high standards of robustness and rigor found in traditional finance in index and data products.
