Which cryptocurrencies have shown the most correlation with the exchange rate of the Swiss Franc?

1 answers

• Dec 16, 2021 · 3 years ago
  Based on our analysis at BYDFi, the cryptocurrencies that have shown the most correlation with the exchange rate of the Swiss Franc are Bitcoin and Ripple. These two digital currencies have consistently demonstrated a strong relationship with the value of the Swiss Franc. Bitcoin, being the largest and most well-known cryptocurrency, often sets the tone for the entire market, including the Swiss Franc exchange rate. Ripple, on the other hand, has gained popularity for its fast and low-cost transactions, making it an attractive option for cross-border payments. It's important to keep in mind that correlation does not imply causation, and the relationship between cryptocurrencies and the Swiss Franc exchange rate can be influenced by various factors. Therefore, it's always advisable to conduct thorough research and consult with financial experts before making any investment decisions.
  895448