@IgorBelykh 2 June 2022 more from that month

ARE WE STILL DEPENDENT? Correlation of cryptocurrency rates with BTC. Is bitcoin pulling the alts or is bitcoin dominance declining systemically? There are different points of view, but do not rush to take sides. My post will help you form your opinion on this matter. We go to the CryptoWatch platform ( https://cryptowat.ch/). This is a site and application with detailed graphical analytics, which also has functionality that determines the correlation between the dynamics of certain coins. In the top toolbar, we see the Correlation tab. We press it. A search window appears on the left, where you can add any coins you are interested in and track the correlation with Bitcoin and other cryptocurrencies for various periods of time. Voila! You will no longer be misled by opinions that have a secondary benefit. And we’ll better figure out how knowledge of the correlation of cryptocurrency rates with bitcoin can help us. Firstly, without this knowledge, it is difficult to create a balanced portfolio of digital coins. In order for the fall of one coin to be compensated by the growth of another, it is necessary to select assets that are weakly interconnected. A portfolio of highly positively correlated assets will gain or lose in value in proportion to market movements. If you are a trader, knowledge of correlation will help you assess the big picture, the context of the market, as well as reduce risks and not enter into several ideas of highly correlated assets, but choose an asset with a more accurate and understandable signal to you. Don't give up and get rich.😎 Plagiarism report of this post : https://smallseotools.com/plagiarism-report/1bf097952058590ba26c08ed43d49712 100% unique article written by me