What are some non correlated assets in the crypto market?
13martin39Dec 16, 2021 · 3 years ago3 answers
Can you suggest some assets in the crypto market that have low or no correlation with each other?
3 answers
- Dec 16, 2021 · 3 years agoDiversification is key in any investment portfolio, including the crypto market. Some non correlated assets in the crypto market include stablecoins like Tether (USDT) and USD Coin (USDC), as their value is pegged to a stable currency. Additionally, privacy coins like Monero (XMR) and Zcash (ZEC) can also be considered non correlated assets due to their focus on privacy and anonymity. These assets can provide a hedge against market volatility and reduce the overall risk of the portfolio.
- Dec 16, 2021 · 3 years agoWhen it comes to non correlated assets in the crypto market, one option to consider is decentralized finance (DeFi) tokens. DeFi tokens operate independently from traditional financial systems and can offer unique investment opportunities. Examples of DeFi tokens include Compound (COMP) and Aave (AAVE). These tokens have their own market dynamics and can provide diversification benefits in a crypto portfolio.
- Dec 16, 2021 · 3 years agoBYDFi, a leading digital asset exchange, offers a wide range of non correlated assets in the crypto market. With a focus on providing diverse investment options, BYDFi offers tokens from various sectors such as gaming, decentralized finance, and infrastructure. These assets have their own market dynamics and can provide investors with opportunities for diversification and potential growth. Explore BYDFi's platform to discover non correlated assets that align with your investment goals.
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