Filecoin’s market resurgence propels the asset to a 3.7% gain, as the CoinDesk 20 index trades higher.
CoinDesk 20 Performance Update: Filecoin (FIL) Gains 3.7% as Index Trades Higher
The CoinDesk 20 is currently trading at 2464.88, up 0.4% (+10.35) since 4 p.m. ET on Friday.
CoinDesk 20 is a list of the top 20 cryptocurrencies by market capitalization.
It provides real-time data and rankings, allowing users to track the performance of various digital assets.
The list is updated regularly to reflect changes in market values.
CoinDesk 20 serves as a valuable resource for investors, traders, and enthusiasts seeking to understand the cryptocurrency market.
Top Performers in the CoinDesk 20
Two assets have led the way for the CoinDesk 20, with Filecoin (FIL) and Polygon (POL) both rising by 3.7% from Thursday. This surge has contributed to the overall increase of 0.4% in the index.
Filecoin is a decentralized storage network that allows users to rent out their excess hard drive space.
It uses a blockchain-based protocol to enable secure and transparent data storage.
Filecoin's native cryptocurrency, FIL, is used to pay for storage services.
The network aims to provide a more efficient and cost-effective alternative to traditional cloud storage solutions.
Polygon is a decentralized, open-source blockchain platform that enables developers to build scalable and secure applications.
It was founded in 2017 by Mihailo Bjelic and Tevlomir Petkovic.
The POL token is the native cryptocurrency of the Polygon network and is used for transaction fees and governance purposes.
With its focus on scalability and interoperability, Polygon has gained popularity among developers and users alike.
Market Leaders and Laggards
As of the current market update, eighteen out of twenty assets are trading higher. The leaders include FIL and POL, while ADA and BTC are among the laggards, with prices decreasing by 0.2%.
The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.
Index Performance
The CoinDesk 20 is currently at 2464.88, marking an increase of 10.35 from Friday‘s close at 4 p.m. ET.
CoinDesk 20 Statistics
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Trading price: 2464.88
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Change since Friday: +0.4% (+10.35)
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Number of assets trading higher: 18
