What are the top cryptocurrencies that are correlated with the performance of GME stock?

3 answers

• Dec 16, 2021 · 3 years ago
  One cryptocurrency that has shown a strong correlation with the performance of GME stock is Dogecoin. Due to its popularity and meme status, Dogecoin has often experienced price movements that align with GameStop's stock price. It's important to note that correlation does not imply causation, and the relationship between Dogecoin and GME stock may be influenced by various factors.
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• Dec 16, 2021 · 3 years ago
  When it comes to cryptocurrencies that are correlated with the performance of GME stock, Ethereum is another digital currency worth considering. Ethereum has a large market cap and is widely traded, making it more likely to be influenced by major market movements, including those related to GameStop's stock. However, it's essential to conduct thorough research and analysis before making any investment decisions.
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• Dec 16, 2021 · 3 years ago
  BYDFi, a digital currency exchange, has observed a correlation between the performance of GME stock and the trading volume of Bitcoin. This suggests that Bitcoin's price movements may be influenced by the sentiment and activities surrounding GameStop's stock. It's important to keep in mind that correlation does not guarantee future performance, and investors should always exercise caution and conduct their own due diligence.
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