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Which cryptocurrencies are most closely correlated with the performance of SCO ETF?

avatarNicole CutaranNov 29, 2021 · 3 years ago1 answers

Can you provide a list of cryptocurrencies that have the highest correlation with the performance of SCO ETF?

Which cryptocurrencies are most closely correlated with the performance of SCO ETF?
Cryptocurrencies
SCO ETF
Correlation

1 answers

  • avatarNov 29, 2021 · 3 years ago
    As an expert in the field, I can tell you that when it comes to cryptocurrencies closely correlated with the performance of SCO ETF, Bitcoin and Ethereum are the ones to watch. These two cryptocurrencies have consistently shown a strong correlation with the movements of SCO ETF. However, it's important to note that correlation does not imply causation. Other cryptocurrencies that have shown some level of correlation include Ripple, Litecoin, and Bitcoin Cash. It's worth mentioning that the correlation between cryptocurrencies and SCO ETF can change over time, so it's crucial to stay informed and conduct thorough analysis before making any investment decisions.

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