SHIB's 106% Move Higher Led CoinDesk 20 Gainers Last Week: CoinDesk Indices Market Update

Bitcoin cash and ethereum classic also posted significant gains as all 20 cryptos in the gauge appreciated.

AccessTimeIconMar 8, 2024 at 5:16 p.m. UTC
Updated Mar 9, 2024 at 6:11 a.m. UTC
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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).

Meme coin shiba inu (SHIB) continues to see outsized gains among the CoinDesk 20, more than doubling in value so far this week and now up nearly 2.5x month-to-date. Bitcoin cash (BCH) and ethereum classic (ETC) have also emerged this week as outperformers, up 38% and 28%, respectively.

cd20 wtd leaders

ChainLink (LINK) and Avalanche (AVAX) have been laggards, gaining only 1.4% and 4.5%, respectively.

cd20 wtd laggards

Among the 189 members of the broad market CoinDesk Market Index, pepecoin (PEPE) continued its surge, now higher by six-fold over the past month.

cmi leaders mom

The CoinDesk 20 tracks the world's largest and most-liquid cryptocurrencies in an investible index available 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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CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Tracy Stephens

Tracy Stephens is a Senior Index Manager at CoinDesk Indices.


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