In 2019 Ether Was the Most Allied Cryptocurrency

According to the report research arm of major cryptocurrency exchange, Binance submits throughout 2019, ETH had an average correlation coefficient of 0.69. Ether was most correlated in the second half of 2019 compared to the first half which was least correlated. The paper shows that “programmable blockchains” such as Ethereum, NEO and EOS often showed higher correlations with each other than with non-programmable assets.

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