How Many Cryptocurrencies Are Simply Following the Market?by@AnthonytXie
14,803 reads

How Many Cryptocurrencies Are Simply Following the Market?

tldt arrow
Read on Terminal Reader
Read this story w/o Javascript

Too Long; Didn't Read

In the last few days, we’ve experienced a massive rout in the cryptocurrency market. Are all cryptocurrencies correlated with the market? Are there any coins that are resistant to large market movements? This topic has long plagued my curiosity. So, I’m going to analyze the historical data from June 22, 2016 to June 20, 2018. I want to focus on medium to large cap coins because they have more trading volume and liquidity. We’re only going to look at coins on CMC that have at least 120 days of historical data.

Companies Mentioned

Mention Thumbnail
Mention Thumbnail

Coins Mentioned

Mention Thumbnail
Mention Thumbnail
featured image - How Many Cryptocurrencies Are Simply Following the Market?
Anthony Xie HackerNoon profile picture

@AnthonytXie

Anthony Xie

Founder of HodlBot


Receive Stories from @AnthonytXie

react to story with heart

RELATED STORIES

L O A D I N G
. . . comments & more!