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Weekend Stock Tokens Show Limited Predictive Edge Over Simple Guessing
(2 hours ago) · 1 source · Summarized by CryptoBipto
An analysis of weekend stock tokens, which are crypto tokens that track traditional stock prices during off-hours, found that their predictions for Monday market opens offer only a modest edge. Simply guessing that markets will go up on Monday would be correct about 55% of the time, raising questions about the tokens' practical value as predictive tools.
WHY IT MATTERS
Some crypto projects create tokens that are meant to track the price of regular stocks, like Apple or Tesla, even on weekends when the stock market is closed.
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SOURCES
- cryptoslate.com
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