Correlation between cryptocurrency prices is decreasing, but still strong

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In Q2 2019, Stellar and Ethereum had the strongest correlation with other cryptocurrencies; followed by Monero and Cardano
In the same time period, Bitcoin SV and Grin have the weakest correlation with other cryptocurrencies; followed by BNB and Bitcoin Cash
Bitcoin was the 8th most correlated cryptocurrency and correlated the most with Monero and the least with Bitcoin SV and Grin
Over the long term horizon, the least correlated cryptocurrencies over the long term appear to be Tezos, BNB, TRON and Bitcoin SV
The least correlated quarter was Q4 2017 while the most correlated one was Q4 2018

BY LARRY CERMAK

READ MORE:https://www.theblockcrypto.com/2019/06/24/correlation-between-cryptocurrency-prices-is-decreasing-but-still-strong/

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