With SHIB and DOGE soaring, CoinDesk 20 hit record highs
2024-12-04 11:32

The CoinDesk Index (CDI) releases a biweekly market update focusing on the performance of the leaders and laggards in the benchmark CoinDesk 20 index (CD20) and the broad CoinDesk Market Index (CMI).


The CoinDesk 20 index traded overnight above 2,600, closing Monday at an all-time high of 2,538. The index is now up nearly 50% so far this year.

Meme Shiba Inu (SHIB) and Dogecoin (DOGE) continued to outperform in 20 broader CoinDesk 20 assets, up 237% and 102%, respectively. Bitcoin Cash (BCH) also jumped 65%.

While all 20 assets in the index traded higher than last Monday's closing price, Layer 1 smart contract platform Internet Computer (ICP) lagged significantly, up just 2. 1%.

CoinDesk 20 Cryptocurrencies that track the world liquidity in investable indexes available on multiple platforms. The broader CoinDesk Market Index includes about 180 tokens and seven cryptocurrency areas: currency, smart contract platforms, DeFi, culture and entertainment, computing, and digitization.