Discover How SHIB’s Record-Breaking 106% Surge Topped Our List of Top CoinDesk 20 Gainers in the Latest Market Update!

The latest market update from CoinDesk Indices (CDI) details the performance of the top and bottom performers in the widely followed CoinDesk 20 Index (CD20) and the broader CoinDesk Market Index (CMI).

Shiba inu (SHIB), the memetic cryptocurrency, has continued to outperform in the CoinDesk 20, rising by more than 100% this week and nearly 250% for the month. Bitcoin cash (BCH) and ethereum classic (ETC) have also been standout performers this week, with gains of 38% and 28%, respectively. However, ChainLink (LINK) and Avalanche (AVAX) have lagged behind, with gains of only 1.4% and 4.5%, respectively. In the CoinDesk Market Index, which consists of 189 member tokens, pepecoin (PEPE) has continued its tremendous uptrend, rising six-fold over the past month. The CoinDesk 20 is an index that tracks the most liquid and largest cryptocurrencies, making it a popular option for investors across various platforms. The CoinDesk Market Index, on the other hand, includes approximately 180 tokens and covers seven different crypto sectors: currency, smart contract platforms, DeFi, culture & entertainment, computing, and digitization.