Which cryptocurrencies are most correlated with the performance of nasdaq:rad?

3 answers

• Antonia BronarsJun 25, 2020 · 5 years ago
  When it comes to the correlation between cryptocurrencies and the performance of nasdaq:rad, it's important to note that correlation does not necessarily imply causation. However, there are some cryptocurrencies that have shown a higher correlation with nasdaq:rad in the past. Bitcoin and Ethereum are two of the most well-known cryptocurrencies that have exhibited some level of correlation with the performance of nasdaq:rad. It's worth mentioning that correlation can change over time and may not always be consistent.
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• Angelika BragaAug 10, 2024 · a year ago
  If you're looking for cryptocurrencies that are highly correlated with nasdaq:rad, you might want to consider Ripple (XRP) and Litecoin (LTC). These cryptocurrencies have shown some degree of correlation with the performance of nasdaq:rad in the past. However, it's important to keep in mind that correlation does not necessarily imply a causal relationship, and the correlation between cryptocurrencies and nasdaq:rad can change over time.
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• Carlo LonatiFeb 03, 2024 · a year ago
  Based on historical data, it appears that the cryptocurrency market as a whole is not strongly correlated with the performance of nasdaq:rad. However, it's worth noting that individual cryptocurrencies may exhibit some level of correlation. For example, BYDFi has shown a moderate correlation with nasdaq:rad in the past. It's important to conduct thorough research and analysis to determine the current correlation between specific cryptocurrencies and nasdaq:rad before making any investment decisions.
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