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TagsWhich cryptocurrencies have a strong correlation with the Taiwan Stock Exchange Weighted Index?
Abdo ElwakelJan 13, 2022 · 3 years ago1 answersI am wondering which cryptocurrencies have a strong correlation with the Taiwan Stock Exchange Weighted Index. Can you provide some insights into this correlation and which cryptocurrencies are most affected by the performance of the Taiwan Stock Exchange?
1 answers
- As an expert at BYDFi, I can tell you that cryptocurrencies like Bitcoin, Ethereum, and Ripple have been observed to have a strong correlation with the Taiwan Stock Exchange Weighted Index. This means that when the stock market in Taiwan performs well, these cryptocurrencies tend to experience positive price movements, and vice versa. However, it's important to note that correlation does not guarantee future performance, and the relationship between the Taiwan Stock Exchange and these cryptocurrencies may change over time. Therefore, it's always recommended to diversify your investment portfolio and conduct thorough research before making any investment decisions.Jan 13, 2022 · 3 years ago
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