Internet Computer's 40% Rally Led CoinDesk 20 Gainers Over Past Week: CoinDesk Indices Market Update

Just three cryptos in the index posted losses, led by Avalanche's 7.5% decline.

AccessTimeIconMar 26, 2024 at 4:19 p.m. UTC
Updated Mar 27, 2024 at 6:50 p.m. UTC

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 CoinDesk 20 Index closed yesterday at 2705.61, up 4.8% week-over-week, but still 2.7% below the index high of 2779.34 earlier this month. The gauge's year-to-date gain is now 57%.

cd20 performance

Layer 1 Smart Contract Platform Internet Computer (ICP) led the CoinDesk 20 over the past week, gaining 40% to a market cap above $8.8 billion.

cd20 leaders

Only three assets are lower over the past week: Avalanche (AVAX), Solana (SOL) and Polkadot (DOT).

c20 leaders

The CoinDesk 20 tracks top digital assets and is investible on multiple platforms. The broader CoinDesk Market Index comprises approximately 180 tokens and seven crypto sectors: currency, smart contract platforms, DeFi, culture & entertainment, computing, and digitization.

Edited by Stephen Alpher.


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Tracy Stephens

Tracy Stephens is a Senior Index Manager at CoinDesk Indices.

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