Solana (SOL) exhibits the highest correlation coefficient of 1.00 in a recent 4-hour analysis of 50 cryptocurrencies. Ethereum (ETH) and Chainlink (LINK) follow closely with a correlation of 0.87 each. Other notable correlations include Sui (SUI) at 0.85 and Bitcoin (BTC) at 0.84.
The analysis highlights significant correlations with major cryptocurrencies, indicating potential synchronized price movements. XRP and Cardano (ADA) both show a correlation of 0.80, while Fetch.ai (FET) and Pengu (PENGU) are at 0.78. The data, verified in real-time, provides insights into market dynamics and potential trading strategies.
SOL Shows Strongest Correlation Among Top 50 Cryptocurrencies
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