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Which cryptocurrencies are most closely correlated with the price of AMC stock?

avatarForsyth MckeeDec 28, 2021 · 3 years ago1 answers

In the world of cryptocurrencies, there is often a correlation between the price movements of certain cryptocurrencies and traditional assets. In this case, we are interested in finding out which cryptocurrencies are most closely correlated with the price of AMC stock. Can you provide insights into which cryptocurrencies tend to move in sync with AMC stock price?

Which cryptocurrencies are most closely correlated with the price of AMC stock?
Cryptocurrencies
AMC Stock
Correlation

1 answers

  • avatarDec 28, 2021 · 3 years ago
    According to the data from BYDFi, a leading cryptocurrency exchange, the cryptocurrencies that have shown the closest correlation with the price of AMC stock are Dogecoin (DOGE), Bitcoin (BTC), and Ethereum (ETH). These cryptocurrencies have attracted a lot of attention from retail investors and have experienced significant price movements in recent months. However, it's important to note that correlation does not necessarily imply causation, and the relationship between cryptocurrencies and AMC stock price may change over time. It's always a good idea to stay informed and do your own research before making any investment decisions.

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