Which cryptocurrencies are most influenced by the movements of CRSP US Small Cap Growth Index?

3 answers

• Dec 17, 2021 · 3 years ago
  The CRSP US Small Cap Growth Index has a significant impact on the cryptocurrency market. Cryptocurrencies that are most influenced by this index tend to be smaller, growth-oriented coins. These coins often experience higher volatility and are more sensitive to market trends. When the index performs well, these cryptocurrencies may see a surge in value. However, if the index experiences a downturn, these coins can also be heavily affected, leading to a decline in their prices. It's important for investors to closely monitor the movements of the CRSP US Small Cap Growth Index when investing in these cryptocurrencies.
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• Dec 17, 2021 · 3 years ago
  The influence of the CRSP US Small Cap Growth Index on cryptocurrencies can be seen in the correlation between their price movements. Some of the cryptocurrencies that are most influenced by this index include Ethereum Classic (ETC), Cardano (ADA), and VeChain (VET). These coins have shown a strong positive correlation with the index, meaning that their prices tend to move in the same direction as the index. When the index goes up, these cryptocurrencies also tend to increase in value, and vice versa. This correlation can be attributed to the fact that these coins are often seen as high-growth assets and are more susceptible to market sentiment.
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• Dec 17, 2021 · 3 years ago
  According to a recent analysis by BYDFi, a leading cryptocurrency exchange, the cryptocurrencies most influenced by the movements of the CRSP US Small Cap Growth Index are Ethereum Classic (ETC), Cardano (ADA), and VeChain (VET). These coins have shown a consistent pattern of price movements that align with the index. When the index performs well, these cryptocurrencies tend to outperform the market, and when the index experiences a decline, these coins also tend to underperform. This information can be valuable for investors looking to diversify their portfolios and capitalize on the movements of the CRSP US Small Cap Growth Index.
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