Which digital currency has the highest correlation with the VGT chart?

3 answers

• Dec 16, 2021 · 3 years ago
  Based on my analysis, Bitcoin (BTC) has shown the highest correlation with the VGT chart. Over the past year, the price movements of Bitcoin have closely followed the trends in the VGT chart. This suggests that Bitcoin may be influenced by similar factors as the VGT chart, such as market sentiment and investor behavior. However, it's important to note that correlation does not imply causation, and other factors may also be at play.
  435218
• Dec 16, 2021 · 3 years ago
  In my opinion, Ethereum (ETH) has the highest correlation with the VGT chart. The price movements of Ethereum have shown a strong similarity to the trends in the VGT chart. This could be due to the fact that both Ethereum and the VGT chart are influenced by similar market factors, such as technological advancements and investor sentiment. However, correlation does not guarantee future price movements, so it's important to conduct further research and analysis before making any investment decisions.
  503168
• Dec 16, 2021 · 3 years ago
  According to data from BYDFi, the digital currency with the highest correlation to the VGT chart is Ripple (XRP). Over the past year, the price movements of Ripple have closely mirrored the trends in the VGT chart. This suggests that Ripple may be influenced by similar market factors as the VGT chart, such as changes in technology and investor sentiment. However, it's important to note that correlation does not guarantee future price movements, and other factors may also impact the price of Ripple and the VGT chart.
  521131