Which cryptocurrencies have the highest correlation with the US dollar?

3 answers

• Dec 27, 2021 · 3 years ago
  Sure! When it comes to cryptocurrencies that have a high correlation with the US dollar, some of the top contenders are Tether (USDT), USD Coin (USDC), and Binance USD (BUSD). These stablecoins are designed to maintain a 1:1 peg with the US dollar, so their value tends to closely follow the movements of the US dollar. It's worth noting that other stablecoins like DAI and TrueUSD also aim to maintain a stable value against the US dollar, but their correlation may not be as strong as the ones mentioned earlier.
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• Dec 27, 2021 · 3 years ago
  Well, if you're looking for cryptocurrencies that are closely tied to the US dollar, you can't go wrong with stablecoins. Stablecoins like Tether (USDT), USD Coin (USDC), and Binance USD (BUSD) are all pegged to the US dollar, which means their value is designed to mirror the value of the US dollar. So, if the US dollar goes up or down, these stablecoins will generally follow suit. Of course, there are other factors that can influence the value of these cryptocurrencies, but in terms of correlation with the US dollar, stablecoins are your best bet.
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• Dec 27, 2021 · 3 years ago
  According to my research, the cryptocurrencies that have the highest correlation with the US dollar are Tether (USDT), USD Coin (USDC), and Binance USD (BUSD). These stablecoins are specifically designed to maintain a 1:1 peg with the US dollar, so their value is highly influenced by the movements of the US dollar. If you're looking for cryptocurrencies that closely track the US dollar, these stablecoins should be at the top of your list. However, it's important to note that correlation doesn't necessarily imply causation, and other factors can still impact the value of these cryptocurrencies.
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