Which cryptocurrencies are correlated with qqq according to tradingview data?

3 answers

• Johnbosco Chukwuemeka OkaforAug 22, 2024 · a year ago
  Based on the tradingview data, several cryptocurrencies have shown a correlation with qqq. Some of the notable ones include Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). These cryptocurrencies have exhibited a tendency to move in a similar direction as qqq, although the correlation strength may vary over time. It's important to note that correlation does not imply causation, and the relationship between qqq and these cryptocurrencies may be influenced by various factors such as market sentiment and macroeconomic conditions.
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• Tarek ElbanNov 24, 2021 · 4 years ago
  According to tradingview data, the correlation between qqq and cryptocurrencies can be dynamic and subject to change. While Bitcoin (BTC) has historically shown some correlation with qqq, it's essential to consider other factors that may impact the relationship. Cryptocurrencies like Ethereum (ETH) and Ripple (XRP) have also demonstrated some correlation with qqq in certain periods. However, it's crucial to conduct thorough research and analysis before making any investment decisions based on correlation alone. Market conditions and individual cryptocurrency factors should also be taken into account.
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• karNov 01, 2023 · 2 years ago
  As an expert at BYDFi, I can provide insights on the correlation between qqq and cryptocurrencies according to tradingview data. Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB) have shown a significant correlation with qqq. These cryptocurrencies have often moved in a similar direction as qqq, indicating a potential relationship. However, it's important to note that correlation does not guarantee future performance, and investors should consider other factors such as risk tolerance and portfolio diversification. It's always recommended to consult with a financial advisor before making any investment decisions.
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