CoinDesk 20 Performance Update: NEAR Gains 4.9% as Index Rises From Wednesday

CoinDesk Indices Daily Market Update

Market Overview

The CoinDesk 20 Index is currently trading at 3245.42, up 1.3% (+40.73) since 4 p.m. ET on Wednesday. Nineteen of the 20 assets in the index are trading higher.

Leaders

NEAR and FIL are the top performers, with gains of 4.9% and 4.6%, respectively.

Laggards

LTC and UNI are the worst performers, with declines of 5.9% and 3.4%, respectively.

CoinDesk 20

The CoinDesk 20 is a broad-based index that tracks the performance of a diverse range of digital assets. The index is designed to provide a comprehensive overview of the cryptocurrency market, with a basket of 20 leading digital assets.

Market Analysis

The CoinDesk 20 Index has been experiencing a period of volatility in recent days, with prices fluctuating significantly over short periods. Despite this volatility, the index has remained resilient, with many assets showing significant gains.

Conclusion

The CoinDesk 20 Index provides a unique insight into the cryptocurrency market, offering a broad-based view of the performance of leading digital assets. With its 20 constituent assets, the index is well-positioned to capture the nuances of the market, providing a comprehensive overview of the cryptocurrency space.

FAQs

Q: What is the CoinDesk 20 Index?
A: The CoinDesk 20 Index is a broad-based index that tracks the performance of a diverse range of digital assets.

Q: How is the CoinDesk 20 Index calculated?
A: The CoinDesk 20 Index is calculated using a market capitalization-weighted methodology, with prices sourced from multiple leading exchanges.

Q: What are the constituent assets in the CoinDesk 20 Index?
A: The CoinDesk 20 Index comprises 20 leading digital assets, including popular cryptocurrencies such as Bitcoin, Ethereum, and Litecoin, as well as other prominent digital assets.

Q: How often is the CoinDesk 20 Index updated?
A: The CoinDesk 20 Index is updated in real-time, with prices sourced from multiple exchanges and updated every 1 minute.