RATE Group | Bitcoin & ETH show highest correlation, Chainlink, Tezos, ATOM the lowest
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Bitcoin & ETH show highest correlation, Chainlink, Tezos, ATOM the lowest

22 Jan Bitcoin & ETH show highest correlation, Chainlink, Tezos, ATOM the lowest

Posted at 18:00h in Ethereum News by

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Binance

Source: ymcgraphic – Shutterstock

  • In a study, Binance found that the BNB token had the best performance in 2019 as a whole, with an increase of 128%, followed by Bitcoin (BTC) with 87% growth.
  • The study also shows a high degree of correlation between the major cryptocurrencies.

A study published by Binance on 22nd January this year shows the performance of the main crypto currencies in 2019, with the exchange’s native token, the Binance (BNB), recording the highest increase in value last year among the top 10 by market capital, with 128%, followed by Bitcoin (BTC) with 87%. The number one in terms of market capitalization also maintained its dominance over the market in the last quarter of 2019 with 68%.

The Binance survey also revealed a strong correlation between the major cryptocurrencies. Ethereum turned out to be the cryptocurrency with the highest correlation coefficient to Bitcoin, which was 0.69…

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