What are the top cryptocurrencies that correlate with the performance of the Vanguard ETF Nasdaq 100?

3 answers

• Dec 05, 2021 · 3 years ago
  When it comes to cryptocurrencies that correlate with the performance of the Vanguard ETF Nasdaq 100, Bitcoin and Ethereum are the top contenders. These two digital currencies have shown a strong positive correlation with the Nasdaq 100 index over the years. Both Bitcoin and Ethereum have gained significant attention from institutional investors, which has contributed to their correlation with traditional financial markets. If you're looking for cryptocurrencies that closely follow the movements of the Nasdaq 100, Bitcoin and Ethereum should be on your radar.
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• Dec 05, 2021 · 3 years ago
  If you're seeking cryptocurrencies that tend to move in sync with the Vanguard ETF Nasdaq 100, it's worth considering Ripple (XRP) and Litecoin (LTC). While they may not have as strong of a correlation as Bitcoin and Ethereum, these two digital currencies have shown some degree of correlation with the Nasdaq 100 index. Ripple and Litecoin have established themselves as prominent cryptocurrencies and have gained attention from both retail and institutional investors. Keep in mind that correlation does not guarantee future performance, so it's essential to conduct thorough research before making any investment decisions.
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• Dec 05, 2021 · 3 years ago
  According to analysis conducted by BYDFi, a digital currency exchange, the top cryptocurrencies that correlate with the performance of the Vanguard ETF Nasdaq 100 are Bitcoin, Ethereum, and Binance Coin (BNB). These three digital currencies have demonstrated a strong positive correlation with the Nasdaq 100 index. Bitcoin and Ethereum are well-known in the cryptocurrency market, while Binance Coin is the native token of the Binance exchange. Binance Coin has gained popularity due to its utility within the Binance ecosystem and has shown a correlation with the movements of the Nasdaq 100.
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