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RE: Correlations of coins

in #trading7 years ago

I guess ETH is going to go through some rough times if it follows the markets and we have seen that it has dipped with everything else (as expected).

BCH is really spontaneous and at first was purely getting pumped and dumped but it has gradually been gaining support over time from the news and new usabilities.

However I'm not sure why EOS is so uncorrelated. I guess it could be just because it is going through its ICO phase and it has led to a stagnating price rather than something that constantly follows the market. It stayed around a steady $1.50 before bitfinex mentioned how they are removing USD/EOS as well as the news about China. Pretty interesting @deaddy

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