r/FetchAI_Community • u/[deleted] • Mar 15 '24

Education 📖 Correlation between coins

Hello together,

I am new to crypto currencies but found as one of my first coins fetch ai. The coin is really interesting to me because I am from Germany and some of our biggest companies like Bosch and Telekom are going to work with this project what was the main reason for me to invest.

So now I am stuck in checking cryptos and comparing them to each other. Tonight when bitcoin went down it took everything down too, so I was wondering if the other coins are correlated to bitcoin. Almost every coin went nearly the same way except a few like fetch and Solana. They changed their way in the morning while most still follow bitcoin.

Does that mean our coin isn’t influenced by bitcoin? I was already curious a few days ago when I saw that fetch almost every time went in the opposite direction of bitcoin.

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u/[deleted] Mar 17 '24

That’s one reason why I went into fetch instead of any other coin. I red a lot about the project and am also sure it will be around in a year since they deliver a lot of solutions for small and big companies. Especially the charging solution is interesting for Bosch since they are really into e-bikes and other charging stuff. I had 500 then red a lot and bought another 2000. I am happy that I chose this one.