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SHIB's 106% Move Higher Led CoinDesk 20 Gainers Last Week: 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).

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.

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

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.

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.