Does ATFS Project depend on Bitcoin? According to the correlation analysis, BTC and ATFS have no relationship. The correlation coefficient of their prices is 0.00, which was calculated based on the last 100-days' price movements of both currencies.
This coefficient may vary from -1 to 1, where -1 is the strongest negative correlation, 0 is no correlation at all and 1 is the strongest positive correlation.
The negative coefficient means that the prices of the currencies are moving in the opposite direction while the positive coefficient indicates that the prices are going in the same direction. For instance, if Bitcoin and ATFS Project connection is positively strong, it means that when BTC is growing ATFS will grow as well. The negative strong relation will tell that when BTC is growing ATFS value will be in opposite decreasing.
The knowledge of the correlation coefficient helps to figure out in percentage the influence of Bitcoin over ATFS Project. If we take all the factors affecting the price of ATFS as 100%, then the share of BTC price among these factors will be 0.00%. The other part which is 100.00% covers all the other aspects, such as media, events or crypto related laws.