Correlation between cryptocurrency prices is decreasing, but still strong

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• In Q2 2019, Stellar and Ethereum had the strongest correlation with other cryptocurrencies; followed by Monero and Cardano

In Q2 2019, Stellar and Ethereum had the strongest correlation with other cryptocurrencies; followed by Monero and Cardano

• In the same time period, Bitcoin SV and Grin have the weakest correlation with other cryptocurrencies; followed by BNB and Bitcoin Cash

In the same time period, Bitcoin SV and Grin have the weakest correlation with other cryptocurrencies; followed by BNB and Bitcoin Cash

• Bitcoin was the 8th most correlated cryptocurrency and correlated the most with Monero and the least with Bitcoin SV and Grin

Bitcoin was the 8th most correlated cryptocurrency and correlated the most with Monero and the least with Bitcoin SV and Grin

• Over the long term horizon, the least correlated cryptocurrencies over the long term appear to be Tezos, BNB, TRON and Bitcoin SV

Over the long term horizon, the least correlated cryptocurrencies over the long term appear to be Tezos, BNB, TRON and Bitcoin SV

• The least correlated quarter was Q4 2017 while the most correlated one was Q4  2018

The least correlated quarter was Q4 2017 while the most correlated one was Q4  2018

BY LARRY CERMAKhttps://www.theblockcrypto.com/2019/06/24/correlation-between-cryptocurrency-prices-is-decreasing-but-still-strong/