The correlation between the coins is calculated using a correlation coefficient, which shows the strength of the correlation. A correlation of +1 implies a strong correlation, correlation of -1 implies the pair will move in opposite directions and a correlation of 0 suggests no observable linear relationship.
Ethereum has had a fairly dramatic and complex journey in the crypto sphere. It is expected when the hopes of many are in the altcoin. With a market cap of $14,010,648,219USD and circulating supply of 105,221,701 ETH appears to show prospects of significant future growth as it still has space to reach and possibly surpass all-time-highs of $1,448.18. Read More
Market capitalization of cryptocurrency represents the dollar value of the currencies circulating coin supply. It is calculated by multiplying the price per coin by the total coins in circulation. While market capitalization can be an indicator of the value of a cryptocurrency, it does not always represent its real value. A lot of times, digital assets can be overvalued or undervalued.
From all-time highs of $261.65 to lows of $4.57, Grin made its ripples in the blockchain community despite little awareness of the cryptocurrency. Its website says it empowers anyone to transact or save modern money without the fear of external control or oppression. If one didn’t know better, they’d assume this was some sort of anarchist movement. They’d be wrong.