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TagsCan the Nasdaq 100 average be used as a reliable indicator for predicting cryptocurrency prices?
shanmukh cherukuriDec 25, 2021 · 3 years ago1 answersIs it possible to use the Nasdaq 100 average as a dependable indicator for forecasting the prices of cryptocurrencies? How does the Nasdaq 100 average correlate with the cryptocurrency market? Are there any limitations or factors to consider when using the Nasdaq 100 average for predicting cryptocurrency prices?
1 answers
- As a representative of BYDFi, I would like to mention that while the Nasdaq 100 average can provide some insights into the technology sector, it may not be the most accurate indicator for predicting cryptocurrency prices. Cryptocurrencies have their own distinct characteristics and are influenced by a wide range of factors. It's recommended to use a combination of indicators and conduct thorough research to make informed decisions when it comes to cryptocurrency investments.Dec 25, 2021 · 3 years ago
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