Dogecoin Community Exploration
Discover the deeper value of dogecoin and the latest developments of dogecoin whales.
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Oct / 09
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- Shiba Inu Bitcoin Correlation Drops to Lowest in Weeks, What Happened?
- Oct 09, 2023 at 03:49 pm U_Today
- The correlation between Shiba Inu and Bitcoin drops to its lowest in weeks, as Shiba Inu charts its own course independent of Bitcoin's movements. According to IntoTheBlock data, the 30-day correlation between Shiba Inu and Bitcoin has fallen to 0.42, a significant decrease from the high of 0.96 at the start of the week. This indicates that Shiba Inu is increasingly breaking off from Bitcoin's influence and establishing its own trajectory.
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- Shiba Inu-Dogecoin Correlation Weakens: SHIB Continues to Rally
- Oct 09, 2023 at 03:42 pm TheBitTimes
- Shiba Inu's recent price surge has garnered significant attention, with the meme coin experiencing a substantial increase. Starting at $0.000008348, it peaked at $0.00001036, marking a remarkable 19.17% rally in just one week. Interestingly, the correlation between Shiba Inu and Dogecoin appears to be weakening, as data shows a drop from 0.74 to 0.36. This suggests that SHIB is establishing its own trajectory, separate from DOGE's influence. However, the 60-day correlation between the two coins remains robust at 0.74, indicating parallel price movements. While Dogecoin has not replicated SHIB's trajectory, it's worth monitoring due to the strong correlation. As Shibarium, a highly anticipated
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