SHIB Doubles in One Week; Other Memecoins Surge While Leading Cryptos Lag

• SHIB more than doubled in value this week, up 106% and 2.5x month-to-date • Bitcoin cash (BCH) and ethereum classic (ETC) emerged as outperformers, up 38% and 28% respectively • ChainLink (LINK) and Avalanche (AVAX) were laggards, gaining only 1.4% and 4.5% • Pepecoin (PEPE) continued its surge, now higher by six-fold over the past month • The CoinDesk 20 tracks the world's largest and most liquid cryptocurrencies in an investible index