NEAR Protocol (NEAR) and Avalanche (AVAX) recorded notable gains in the latest market update from CoinDesk Indices. NEAR saw an increase of 5.8%, while AVAX rose by 3.6%.
The CoinDesk 20 Index, which tracks the performance of major cryptocurrencies, is currently valued at 1909.43, representing a 0.7% increase since 4 p.m. ET on Thursday. Out of the twenty assets included in the index, nineteen are trading higher.
Among the leaders, NEAR and AVAX stood out with their significant price movements. In contrast, Bitcoin (BTC) and Stellar (XLM) remained unchanged, both reporting a 0.0% change.
The CoinDesk 20 Index serves as a comprehensive measure of the cryptocurrency market, traded across multiple platforms and regions worldwide. This index provides valuable insights into market trends and investor sentiment.
In related developments, a recent report from CoinDesk Research indicates that many crypto privacy models are becoming less effective as blockchain data expands. The report highlights that while encryption-based models like Zcash are strengthening, obfuscation-based privacy approaches are deteriorating due to the increasing availability of metadata.
This analysis offers a detailed comparison of five major crypto privacy architectures, assessing their durability as artificial intelligence capabilities evolve. As the blockchain sector continues to grow, understanding these privacy models becomes increasingly important for investors and stakeholders.
For financial advisors, CoinDesk’s weekly newsletter, ‘Crypto for Advisors,’ provides insights into the evolving landscape of digital assets. The newsletter emphasizes the significance of real-time connectivity and mobility of digital assets in a fragmented market.
NEAR Protocol and Avalanche have demonstrated strong performance in the latest CoinDesk 20 Index update, with NEAR gaining 5.8% and AVAX increasing by 3.6%. The report also highlights challenges facing crypto privacy models as blockchain data expands.
Source: CoinDesk