CoinDesk 20 performance update: Hedera (HBAR) drops 1.9%, leading index lower
Cardando (ADA), down 1.3% from Thursday, was also among the underperformers.
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Cardando (ADA), down 1.3% from Thursday, was also among the underperformers.
NEAR Protocol (NEAR) gained 5.8% and Avalanche (AVAX) climbed 3.6%.
Uniswap (UNI) declined 7.7% and Solana (SOL) dropped 6.9%, leading the index lower.
The recent surge in oil and gas prices has driven up inflation expectations, causing markets to adjust their bets on Federal Reserve rate cuts, with traders now pricing in a near 40% chance of no rate cuts this year.
Bitcoin Cash (BCH), up 0.8% from Thursday, was the only gainer.
Solana (SOL), down 3.1% since Thursday, joined Aave (AAVE) as an underperformer.
Shiba Inu’s burn rate surged to 112,000% early this week, permanently removing 116 million tokens from circulation.
Solana joined Render as an underperformer, dipping 2.1%.
Uniswap joined Chainlink as a top performer, rising 8.6%.
Ethereum Classic (ETC) was among the top performers, gaining 11.3% from Tuesday.