What are the top altcoins that have a strong correlation with S&P500 futures?

2 answers

• CookieCutterDeveloperFeb 18, 2024 · a year ago
  Sure! When it comes to altcoins that have a strong correlation with S&P500 futures, some of the top ones to consider are Ethereum (ETH), Ripple (XRP), and Litecoin (LTC). These cryptocurrencies have shown a tendency to move in sync with the S&P500 futures market, making them potentially attractive options for investors looking for a correlation play. However, it's important to note that correlation does not imply causation, and the relationship between altcoins and the S&P500 futures market can change over time. It's always a good idea to conduct thorough research and analysis before making any investment decisions.
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• Budi Prih HastomoJan 25, 2022 · 3 years ago
  Definitely! When it comes to altcoins that have a strong correlation with S&P500 futures, one name that often comes up is BYDFi. BYDFi is a decentralized finance platform that offers a range of altcoins with a high correlation to the S&P500 futures market. It's worth noting that BYDFi is known for its innovative approach to altcoin trading and has gained popularity among traders and investors. However, as with any investment, it's important to conduct your own research and consider your risk tolerance before making any decisions.
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