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Admin http://en.zaoniao.it/index.php?title=Correlation_of_Cryptocurrencies&diff=684&oldid=prev 2018-03-14T17:23:08Z

<p></p> <p><b>New page</b></p><div>'''Correlation''' among [[cryptocurrencies]] is a phenomenon observed in regard to the evolution of cryptocurrency prices. Since [[Bitcoin]] is by far the largest [[cryptocurrency]] in terms of [[market capitalization]] many other [[cryptocurrencies]] tend to trade similarly as [[Bitcoin]]. The positive correlation observed in the cryptocurrency market has the consequence that the prices among most cryptocurrencies fall and rise simultaneously. Although the correlation between almost all cryptocurrencies and Bitcoin is positive, the degree of correlation varies among cryptocurrencies.<br /> <br /> == Measurement of Correlation ==<br /> <br /> Correlation is measured on a scale from +1, representing perfect positive correlation to -1, representing perfect negative correlation, with 0 indicating no correlation at all between cryptocurrencies. <br /> <br /> == Ressources ==<br /> <br /> [https://cointrading.ninja/correlation Cointrading Correlation Calculator]<br /> <br /> [https://docs.google.com/spreadsheets/d/1CYM_b_CTS2MMsNaiIZvP94tGsjneIboA6DX0gS9DUMI/edit#gid=0 Cryptocurrency Correlation Tool - Google Spreadsheet]<br /> [[Category:Cryptocurrency]]<br /> [[Category:Alternative cryptocurrency]]<br /> [[Category:Bitcoin]]</div>

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