Share this article
CoinDesk 20 Performance Update: AVAX and SOL Surge Lead Weekend Advance
AVAX led the CoinDesk 20 with a 14.5% increase in over the weekend trading, while SOL climbed 6.0%
Jul 22, 2024, 1:37 p.m.
Make us preferred on Google
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.
The CoinDesk 20 is currently trading at 2347.81, up 2.0% (+47.04) since last Friday's close.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Ten of 20 assets are trading higher.
Leaders: AVAX (+14.5%) and SOL (+6.0%).
Laggards: NEAR (-3.6%) and HBAR (-3.2%).
The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.
More For You
Struggling Coinbase gets price target cut from JPMorgan ahead of Thursday earnings
Shares of COIN are down nearly 30% this year, with analysts warning that softer trading and crypto prices are likely to weigh on revenue.
What to know:
- JPMorgan cut its December 2026 price target on Coinbase to $290 from $399 ahead of fourth-quarter earnings, citing weaker crypto trading volumes, softer prices and slower USDC growth.
- The bank still rates Coinbase Overweight, but projects a sharp sequential drop in earnings and EBITDA, even after factoring in a full quarter of revenue from the Deribit derivatives acquisition.
- Other firms, including Barclays and Compass Point, are more cautious or bearish, warning that retail trading, blockchain rewards and subscription and services revenue may miss expectations and remain closely tied to overall crypto prices.
Top Stories
