Polkadot and Cosmos Gain in a Rocky Week for Crypto: CoinDesk Indices Market Update

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).

Only four assets in the CoinDesk 20 gained week-to-date. Polkadot (DOT) and Cosmos (ATOM) led the gains, both of which are multi-chain protocols that operate as networks of connected blockchains.

Three assets in the index fell more than 10% this week – (NEAR), dogecoin (DOGE), and bitcoin cash (BCH).

The CoinDesk 20 is down 15% month-on-month, but has a one-year return of 87%.

CoinDesk 20 tracks top digital assets and is investible on multiple platforms. The broader CMI 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.

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Polkadot and Cosmos Gain in a Rocky Week for Crypto: CoinDesk Indices Market Update

All but four cryptos in the CoinDesk 20 posted losses over the last week, led by declines in NEAR, BCH, and DOGE.

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