Which cryptocurrencies are closely correlated with the performance of NTES stock?

3 answers

• Dec 15, 2021 · 3 years ago
  Sure! When it comes to cryptocurrencies that are closely correlated with the performance of NTES stock, two notable ones are Bitcoin (BTC) and Ethereum (ETH). These two cryptocurrencies often exhibit similar price movements to NTES stock due to their popularity and market influence. It's important to note that correlation does not imply causation, but historically, BTC and ETH have shown a strong correlation with NTES stock.
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• Dec 15, 2021 · 3 years ago
  Well, if you're looking for cryptocurrencies that move in sync with NTES stock, you can't ignore Bitcoin (BTC) and Ethereum (ETH). These two heavyweights in the crypto market have a significant impact on the overall market sentiment, and as a result, their price movements often align with NTES stock. So, keep an eye on BTC and ETH if you want to gauge the potential impact on NTES stock.
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• Dec 15, 2021 · 3 years ago
  When it comes to cryptocurrencies that are closely correlated with NTES stock, Bitcoin (BTC) and Ethereum (ETH) are the top contenders. Both BTC and ETH have a strong presence in the market and tend to influence the overall sentiment. As a result, their price movements often mirror the performance of NTES stock. However, it's important to remember that correlation doesn't necessarily mean causation, so it's always a good idea to conduct thorough research and analysis before making any investment decisions.
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