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Which cryptocurrencies have shown a correlation with VWOP in the past?

avatarPaul ViennaDec 18, 2021 · 3 years ago3 answers

I'm interested in knowing which cryptocurrencies have demonstrated a correlation with Volume-Weighted Average Price (VWOP) in the past. Could you provide some insights on this? Specifically, I would like to know if there are any cryptocurrencies that have consistently shown a positive or negative correlation with VWOP over a significant period of time.

Which cryptocurrencies have shown a correlation with VWOP in the past?
Cryptocurrencies
VWOP
Correlation

3 answers

  • avatarDec 18, 2021 · 3 years ago
    Cryptocurrencies such as Bitcoin, Ethereum, and Litecoin have shown a positive correlation with VWOP in the past. This means that as VWOP increases, the prices of these cryptocurrencies tend to increase as well. However, it's important to note that correlation does not imply causation, and other factors may also influence the price movements of these cryptocurrencies.
  • avatarDec 18, 2021 · 3 years ago
    In the past, some cryptocurrencies like Ripple and Stellar have shown a negative correlation with VWOP. This means that as VWOP increases, the prices of these cryptocurrencies tend to decrease. It's worth mentioning that correlation can vary over time, and it's important to conduct thorough analysis before making any investment decisions based on correlation alone.
  • avatarDec 18, 2021 · 3 years ago
    Based on historical data, BYDFi has observed a positive correlation between VWOP and cryptocurrencies such as Bitcoin and Ethereum. This correlation suggests that as VWOP increases, the prices of these cryptocurrencies tend to rise. However, it's important to conduct your own research and analysis before making any investment decisions. Remember, past performance is not indicative of future results.

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