HomeBusinessCoinDesk 20 Asset Price Movement: HBAR Surges Amid Industry-wide Growth

CoinDesk 20 Asset Price Movement: HBAR Surges Amid Industry-wide Growth

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The cryptocurrency market is experiencing a broad-based surge, with the CoinDesk 20 index rising by 2.5% to 3991.46. HBAR has emerged as a top performer, gaining 8.0%, followed closely by Solana (SOL) with a gain of 4.8%.

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The CoinDesk 20 is currently trading at 3991.46, up 2.5% (+97.0) since 4 p.m. ET on Thursday. Nineteen of the twenty assets in the index are trading higher.

Leaders and Laggards


HBAR has emerged as a top performer, gaining 8.0%. Solana (SOL) also joined HBAR in the lead, with a gain of 4.8% from Thursday. On the other hand, ETC is lagging behind with a loss of -0.1%, while BTC shows a modest gain of +0.4%.

marketupdate,cryptocurrency,hbarsurges,industrygrowth,assetprices,coin_desk20

DATACARD
What is HBAR?
HBAR is a stablecoin and the native cryptocurrency of the Hedera Hashgraph network. It was launched in 2017 by Dr. Leemon Baird, Swirlds co-founder, and Mance Harmon, Hedera Hashgraph CEO. HBAR utilizes a unique consensus algorithm called hashgraph, which provides fast transaction processing times and high scalability. The token is designed to be used for various applications on the Hedera network, including decentralized finance (DeFi), non-fungible tokens (NFTs), and more.

About CoinDesk Indices


The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally. It provides a comprehensive snapshot of the cryptocurrency market’s performance, making it an essential tool for investors and traders.

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