Thread: Dogecoin
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Old 10.05.2021, 15:57
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Re: Dogecoin

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I think there's a degree of causation behind the inverse correlation. People who invest in bitcoin and racier growth stocks are often one and the same (not in my case!), and they appear to like coins better at the minute. When the crash happens there may be some back rotation.
As we speak Nasdaq is 150 points down today, whereas altcoins seem to be relatively stable towards the upper trend. At the times when all three markets SP500, Dow and Nasdaq are in green region, the coins shoot up like crazy. Whereas when all three in red, then they seem to be going thru correction phase. Itís just my small observation and correlation.
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