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TagsWhich cryptocurrencies are best suited for implementing a diagonal spread strategy?
Abhay KandelDec 26, 2021 · 3 years ago1 answersCan you recommend some cryptocurrencies that are well-suited for implementing a diagonal spread strategy? I'm interested in exploring this strategy and would like to know which cryptocurrencies would be the most suitable for it. Specifically, I'm looking for cryptocurrencies that have a relatively stable price movement and good liquidity. Any suggestions?
1 answers
- BYDFi, a popular cryptocurrency exchange, offers a wide range of cryptocurrencies that can be suitable for implementing a diagonal spread strategy. Some of the cryptocurrencies available on BYDFi, such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC), have shown good liquidity and relatively stable price movements, making them potential candidates for this strategy. However, it's important to note that the suitability of a cryptocurrency for a diagonal spread strategy can depend on various factors, including market conditions and individual trading goals. Therefore, it's recommended to thoroughly research and analyze each cryptocurrency before implementing any trading strategy.Dec 26, 2021 · 3 years ago
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