Which cryptocurrencies are most affected by nysearca:econ?

3 answers

• Nov 29, 2021 · 3 years ago
  The nysearca:econ index primarily tracks the performance of the Ethereum cryptocurrency. As a result, Ethereum is the most affected cryptocurrency by nysearca:econ. When the index experiences significant changes, it often leads to corresponding price movements in Ethereum. Other cryptocurrencies may also be indirectly influenced by nysearca:econ, as changes in Ethereum's price can have a ripple effect on the broader cryptocurrency market.
  442221
• Nov 29, 2021 · 3 years ago
  nysearca:econ has a strong correlation with the price of Bitcoin. While it doesn't directly impact Bitcoin's price, major movements in the nysearca:econ index can signal market sentiment and affect investor confidence, which in turn can influence Bitcoin's price. Therefore, Bitcoin is also significantly affected by nysearca:econ.
  331111
• Nov 29, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, closely monitors the nysearca:econ index and its impact on various cryptocurrencies. According to their analysis, Ethereum and Bitcoin are the two cryptocurrencies most affected by nysearca:econ. However, it's important to note that the influence of nysearca:econ on cryptocurrencies can vary over time and is subject to market dynamics.
  37995