CoinDesk 20 Performance Update: XRP Gains Amid Overall Index Decline
The CoinDesk 20 index saw a slight drop with XRP and ADA recording positive movements.
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The CoinDesk 20 index saw a slight drop with XRP and ADA recording positive movements.
The CoinDesk 20 is currently trading at 1975.16, marking a slight 0.7% increase since yesterday.
FIL and LINK emerged as top performers, driving the CoinDesk 20 index higher by 3.2%.
Just like equities have the S&P 500 and NASDAQ 100, we now see the emergence of cryptocurrency and digital asset indices.
U.S. crypto asset manager Grayscale Investments has entered into a partnership with FTSE Russell – the index division of London Stock Exchange parent LSE Group – to create a new crypto indexes business.
The CoinDesk Market Index fell 11% overall as we saw increased bifurcation between established majors (Bitcoin and Ether) and all other digital asset protocols and projects, writes Todd Groth, head of research at CoinDesk Indices.