Which cryptocurrencies are most affected by changes in the SXXP index?

1 answers

• Apr 17, 2022 · 3 years ago
  At BYDFi, we have observed that cryptocurrencies with a smaller market capitalization are often more affected by changes in the SXXP index. This is because smaller cryptocurrencies tend to have less liquidity and are more susceptible to market fluctuations. However, it's important to note that the impact of the SXXP index on cryptocurrencies can vary over time and is influenced by a multitude of factors. Therefore, it's advisable to diversify your cryptocurrency portfolio and consider a range of factors beyond the SXXP index when making investment decisions.
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