What are the top cryptocurrencies that are influenced by the Nasdaq index price?

3 answers

• Dec 22, 2021 · 3 years ago
  When it comes to cryptocurrencies that are influenced by the Nasdaq index price, Bitcoin and Ethereum are two of the most prominent ones. As the largest and most well-known cryptocurrencies, they often reflect the overall sentiment of the market, including the impact of the Nasdaq index. However, it's important to note that while these cryptocurrencies may be influenced by the Nasdaq index, they are also influenced by various other factors such as market demand, regulatory news, and technological developments.
  515258
• Dec 22, 2021 · 3 years ago
  The Nasdaq index has a significant influence on the cryptocurrency market, and several altcoins are known to be affected by its price movements. Some of the top cryptocurrencies that tend to follow the Nasdaq index include Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH). These cryptocurrencies often exhibit a correlation with the Nasdaq index, meaning that when the index goes up or down, these cryptocurrencies tend to move in a similar direction. However, it's important to conduct thorough research and analysis before making any investment decisions based solely on this correlation.
  594198
• Dec 22, 2021 · 3 years ago
  As an expert in the cryptocurrency industry, I can tell you that the Nasdaq index does have an impact on certain cryptocurrencies. One such cryptocurrency is BYDFi (BYD), which is influenced by the Nasdaq index price. BYDFi is a decentralized exchange token that aims to provide a seamless trading experience for users. Its price can be influenced by various factors, including the performance of the Nasdaq index. However, it's important to note that cryptocurrency prices are highly volatile and can be influenced by multiple factors, so it's always advisable to do your own research and consult with a financial advisor before making any investment decisions.
  662166