As per CoinRepublic, the CoinMarketCap 20 Index (CMC20) entered a consolidation phase following an 89.69% rise this week after its launch on November 17. The index, which tracks the top 20 cryptocurrencies by market cap, is currently trading at $185 with a daily trading volume of $3.75 million. Technical indicators suggest a potential climb back to $200, though momentum has slowed. The CMC20 is part of a new category of investment assets called Decentralized Token Folios (DTFs), which offer a decentralized alternative to traditional ETFs by bundling multiple crypto tokens into a single tradable unit.
CMC20 Index Enters Consolidation Phase After 89.69% Weekly Rise
The Coin RepublicShare
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