The cryptocurrency market experiences a weekend bounceback, with the CoinDesk 20 Index rising 2.8% to 3223.5. Litecoin leads the gains, surging 15.5% as Aptos follows closely with a 9% increase.
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.
Leaders Shine in the Market
Aptos (APT) joined Litecoin (LTC) as a top performer, gaining 9% over the weekend. ‘We’re seeing some really interesting moves in the market,’ said an analyst. Litecoin itself surged by an impressive 15.5%.
Litecoin is a peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license.
Created by Charlie Lee in 2011, it was designed to be a faster and more lightweight alternative to Bitcoin.
Litecoin has a total supply of 84 million coins, with a block time of 2.5 minutes compared to Bitcoin's 10 minutes.
This allows for faster transaction processing and lower fees.
Index Performance
The CoinDesk 20 is currently trading at 3223.5, up 2.8% (+89.04) since 4 p.m ET on Friday. Nineteen of 20 assets are trading higher.
Laggards in the Market
XLM (-3.0%) and ADA (+0.5%) are the two laggards in the market.
About CoinDesk 20 Index
The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.
- coindesk.com | CoinDesk 20 Performance Update: LTC Surges 15.5% as Index Trades Higher From Friday
- sg.finance.yahoo.com | CoinDesk 20 Performance Update: LTC Surges 15.5% as Index ...
