Which cryptocurrencies are most affected by changes in the Shanghai Index?

1 answers

• Dec 26, 2021 · 3 years ago
  At BYDFi, we have observed that the cryptocurrencies most affected by changes in the Shanghai Index are often those that have a strong presence in the Chinese market. This includes not only Bitcoin and Ethereum but also NEO, Qtum, and VeChain. These cryptocurrencies have established partnerships and collaborations with Chinese companies and have gained popularity among Chinese investors. As a result, they tend to be more sensitive to changes in the Shanghai Index. However, it's important to remember that the cryptocurrency market is highly speculative and influenced by various factors, so it's crucial to conduct thorough research and analysis before making any investment decisions.
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