CoinDesk 20 Index Gains 19% as Meme Coin Shines

CoinDesk Indices (CDI) has released weekly charts for the CoinDesk 20 Index (CD20) and the broader CoinDesk Market Index (CMI).The CD20, which tracks the world's largest and most liquid cryptocurrencies, has gained 19% since last Friday's close, with all 20 tokens gaining.Meme coins Dogcoin (DOGE ) and Shiba Inu (SHIB) are up 49 percent and 41 percent, respectively. Only six assets in the CD20 failed to deliver double-digit weekly returns, including MATIC on the Layer 2 sidechain Polygon (+3.1%), UNI on the decentralized exchange Uniswap (+3.9%), FIL on the shared-storage platform FileCoin (+5.5%), ICP on the Layer 1 Internet Computer (+5.7%), and the prophecy machine platform Chaincoin (+5.7%). ), LINK of prophecy machine platform ChainLink (+8.7%) and XLM of payment network Stellar (8.8%). Outside of the CoinDesk 20, Meme Coin PEPE (+140%) and BONK (+109%) lead the 189-asset broad market CoinDesk Market Index.