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Polkadot and Cosmos gain in tough week for cryptocurrencies: CoinDesk index 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 market index CoinDesk (CMI).
Only four assets in the CoinDesk 20 have gained since the start of the week. Polka dot (POINT) and Cosmos (ATOM) brought in the earnings, both are multi-chain protocols that function as networks of connected blockchains.
Three assets in the index are down more than 10% this week: (NEAR)dogemoneta (DOGE)and bitcoin cash (BCH).
CoinDesk 20 is down 15% month over month, but has a one-year return of 87%.
CoinDesk 20 tracks major digital assets and is investable across multiple platforms. The broader CMI includes approximately 180 tokens and seven crypto sectors: currency, smart contract platforms, DeFi, culture and entertainment, computing and digitalization.