A deep dive into the weekly performance of cryptocurrencies like AMP, Solana, Avalanche, and Aptos in the CoinDesk 20 index. Hear insights on market trends in computing, culture, entertainment, currency, and DeFi from industry experts.
17 out of the 20 assets in the CoinDesk 20 are up, with exceptions like Solana and Avalanche facing declines.
Digital asset traders experience a slowdown, with Alt layer ones SOL and AVACS dominating the smart contract platform sector.
Deep dives
Market Highlights for the Week
Tracy Stevens, Senior Index Manager at CoinDesk indices, reports that 17 out of the 20 assets in the CoinDesk 20 are up, with exceptions like Solana, Avalanche, and Aptos facing declines. Assets such as Litecoin, Filecoin, and Stellar have seen significant drops. AMP stands out as a top performer with a nearly 60% increase, despite a partial retreat from earlier gains.
Analysis of Market Trends
Cruise Enix notes a slowdown in the surge enjoyed by digital asset traders since the year started. While Solana continues to benefit from native meme coins, other layer ones like Avalanche are also gaining momentum. In the computing sector, Render Network and Pyth show strong gains, while DeFi sees AMP and ZRX emerging as top performers. However, LDO lags as the worst performer. Alt layer ones such as SOL and AVACS dominate the smart contract platform sector, amidst uncertainties about a possible trend reversal.
1.
Week in Review: Crypto Markets Analysis and Insights for March 22nd
CoinDesk Indices presents notable data insights from the week, followed by additional analysis from an industry expert.
To get the show every day, follow the podcast here.
The CoinDesk Market Index (CMI) functions as a benchmark for the performance of the digital asset market, delivering institutional quality information to digital asset investors. Subsets of the CoinDesk Market Index (CMI) are investible CoinDesk Crypto Sectors and the CoinDesk 20 Index, designed to measure the performance of the top digital assets.
Today’s takeaways are provided by Tracy Stephens, senior index manager at CoinDesk Indices with additional analysis from Crews Enochs, Ecosystem Growth Lead at Index Coop. For more on CoinDesk Indices, visit: coindeskmarkets.com.