common-close-0
BYDFi
Trade wherever you are!

What are the top cryptocurrencies that are correlated with SOXL ticker?

avatarAlperen TuefekçiDec 25, 2021 · 3 years ago3 answers

Can you provide a list of the top cryptocurrencies that have a correlation with the SOXL ticker? I'm interested in knowing which cryptocurrencies tend to move in a similar direction as SOXL.

What are the top cryptocurrencies that are correlated with SOXL ticker?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    Sure! When it comes to cryptocurrencies that are correlated with the SOXL ticker, there are a few notable ones. One of the top cryptocurrencies that has shown a correlation with SOXL is Ethereum (ETH). ETH has a strong presence in the cryptocurrency market and often moves in a similar direction as SOXL. Another cryptocurrency to consider is Litecoin (LTC), which has also shown some correlation with SOXL. Additionally, Ripple (XRP) and Bitcoin Cash (BCH) have exhibited some correlation with SOXL as well. It's important to note that correlation doesn't necessarily imply causation, but these cryptocurrencies have shown some similarity in price movements with SOXL.
  • avatarDec 25, 2021 · 3 years ago
    Alright, here's the scoop! If you're looking for cryptocurrencies that are correlated with the SOXL ticker, you might want to keep an eye on Ethereum (ETH). ETH has been known to have a correlation with SOXL, meaning that their price movements tend to align. Another cryptocurrency to consider is Litecoin (LTC), which has also shown some correlation with SOXL. Ripple (XRP) and Bitcoin Cash (BCH) have also exhibited some correlation with SOXL. Remember, correlation doesn't guarantee the same direction of movement, but these cryptocurrencies have shown some similarity in price trends with SOXL.
  • avatarDec 25, 2021 · 3 years ago
    Well, well, well, look who's correlated! When it comes to cryptocurrencies that have a correlation with the SOXL ticker, Ethereum (ETH) takes the spotlight. ETH has been observed to move in a similar direction as SOXL, making it one of the top correlated cryptocurrencies. But wait, there's more! Litecoin (LTC) has also shown some correlation with SOXL, along with Ripple (XRP) and Bitcoin Cash (BCH). So, if you're keeping tabs on SOXL, these cryptocurrencies might be worth keeping an eye on too!