Which cryptocurrencies are most closely correlated with the performance of the NASDAQ index ETF Vanguard?

3 answers

• Dec 26, 2021 · 3 years ago
  As an expert in the field of cryptocurrencies, I can tell you that there are several digital currencies that have shown a strong correlation with the performance of the NASDAQ index ETF Vanguard. Bitcoin, Ethereum, and Ripple are among the most closely correlated cryptocurrencies with the Vanguard ETF. These cryptocurrencies tend to move in sync with the overall performance of the NASDAQ index, making them important to watch for investors who are tracking the Vanguard ETF. It's worth noting that correlation does not imply causation, so it's important to consider other factors when making investment decisions.
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• Dec 26, 2021 · 3 years ago
  When it comes to cryptocurrencies that are closely correlated with the performance of the NASDAQ index ETF Vanguard, Bitcoin is definitely one to watch. Bitcoin has often been seen as a digital store of value and has shown a strong correlation with the overall performance of the stock market. Additionally, Ethereum has also demonstrated a significant correlation with the Vanguard ETF. These two cryptocurrencies are often considered as leading indicators for the broader market movements. However, it's important to remember that correlation does not guarantee future performance, and investors should conduct thorough research before making any investment decisions.
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• Dec 26, 2021 · 3 years ago
  According to a recent analysis, Bitcoin, Ethereum, and Litecoin have been found to have a strong correlation with the performance of the NASDAQ index ETF Vanguard. These cryptocurrencies have shown a tendency to move in sync with the overall market trends, making them potential indicators for the performance of the Vanguard ETF. It's important to note that correlation does not necessarily imply causation, and other factors should be considered when making investment decisions. As an investor, it's crucial to stay updated with the latest market trends and conduct thorough research before making any investment decisions.
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