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According to CoinDesk, the CoinDesk 20 index saw a positive turn, closing at 2,987.86, up 0.8%, or a gain of 22.67 points, since 4 p.m. ET.
The index, which is a comprehensive measure of the cryptocurrency market, reflects the performance of 20 major digital assets traded across various platforms around the world.
Of the 20 assets included in the index, 11 showed upward movement. Notably, Cardano (ADA) and Stellar (XLM) emerged as the best performers, with ADA up 10.1%.
XLM is up 6.5%. These gains highlight the growing interest and investment in these cryptocurrencies in particular, which is contributing significantly to the overall positive trend seen in the index.💯🚀
Conversely, some assets saw declines, with Hedera (HBAR) and Uniswap (UNI) being the most affected. HBAR saw a decline of 7.8%, while UNI fell by 3.1%. These declines indicate diverse market dynamics and sentiments.
Investors are biased towards various digital assets within the index. Despite these declines, the overall performance of the CoinDesk 20 Index remains positive, demonstrating the resilience and volatility inherent in the cryptocurrency market.🚀🚨💯
