Cryptocurrency Q&A
Is Pepe coin price correlated with the top 10 coins by market cap?
Is Pepe coin price correlated with the top 10 coins by market cap?
Elena
Sun Jul 14 2024
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6 answers
989
Could you elaborate on the potential correlation between the PEPE coin price and the top 10 coins by market capitalization? Do you think that there is a direct causal link between their performance, or could it simply be a coincidence? What factors might influence the Pepe coin price, and how do they compare to the driving forces behind the market cap leaders? Has there been any notable trend in their historical movements, suggesting a possible association? Finally, are there any analytical tools or strategies you recommend to better understand this potential correlation?
6 answers
CryptoLordess
Mon Jul 15 2024
Furthermore, Pepe Coin's price is also negatively correlated with the top 100 coins ranked by market capitalization, excluding all stablecoins.
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EthereumEagle
Mon Jul 15 2024
The pricing dynamics of Pepe Coin exhibit a distinct correlation pattern within the broader cryptocurrency market.
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ZenBalanced
Mon Jul 15 2024
The strength of this negative correlation, with a value of -0.190, indicates a more moderate but still significant inverse relationship.
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henry_rose_scientist
Mon Jul 15 2024
Specifically, Pepe Coin's price is negatively correlated with the top 10 coins ranked by market capitalization, excluding Tether (USDT).
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Sofia
Mon Jul 15 2024
The exclusion of stablecoins, such as Tether (USDT), in these analyses ensures that the correlations are not influenced by the relatively stable prices of these coins.
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