Which cryptocurrencies are correlated with SLV according to Yahoo Finance?

According to Yahoo Finance, which cryptocurrencies are found to be correlated with SLV?

3 answers
- According to Yahoo Finance, some of the cryptocurrencies that are correlated with SLV include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC). These cryptocurrencies have shown a positive correlation with SLV, meaning that their prices tend to move in the same direction as silver. It's important to note that correlation does not imply causation, and the relationship between cryptocurrencies and SLV may change over time. However, this information can be useful for investors who are interested in diversifying their portfolios and exploring the potential benefits of investing in both cryptocurrencies and precious metals like silver. 🚀
Mar 23, 2022 · 3 years ago
- Yahoo Finance has identified several cryptocurrencies that are correlated with SLV. These include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC). The correlation between these cryptocurrencies and SLV suggests that their prices tend to move in a similar direction. However, it's important to remember that correlation does not necessarily imply causation. Investors should conduct their own research and consider multiple factors before making investment decisions. 📈
Mar 23, 2022 · 3 years ago
- According to Yahoo Finance, Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC) are some of the cryptocurrencies that have shown a correlation with SLV. This means that when the price of silver moves, these cryptocurrencies tend to move in a similar direction. It's worth noting that correlation does not guarantee future performance, and investors should always do their own due diligence before making any investment decisions. If you're interested in exploring the correlation between cryptocurrencies and SLV further, you may find it helpful to consult with a financial advisor or conduct additional research. 🔍
Mar 23, 2022 · 3 years ago
Related Tags
Hot Questions
- 83
What are the best digital currencies to invest in right now?
- 82
What is the future of blockchain technology?
- 82
What are the advantages of using cryptocurrency for online transactions?
- 76
How can I minimize my tax liability when dealing with cryptocurrencies?
- 62
How can I buy Bitcoin with a credit card?
- 62
How can I protect my digital assets from hackers?
- 52
How does cryptocurrency affect my tax return?
- 37
What are the best practices for reporting cryptocurrency on my taxes?