Dark Lisk (DISK)





Bitcoin and Dark Lisk Correlation

Does Dark Lisk depend on Bitcoin? Based on the correlation analysis, BTC and DISK have a very strong positive relationship. The correlation coefficient of their values is 0.91, which was estimated based on the previous 100-days' price fluctuations of both coins.

This coefficient may range 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 points that the prices of the cryptocurrencies are going in the reversed direction while the positive coefficient points that the prices are moving in the same direction. For instance, if Bitcoin and Dark Lisk connection is positively strong, it means that when BTC is growing DISK will grow as well. The negative strong relation will show that when BTC is rising DISK price will be in opposite decreasing.

The knowledge of the correlation coefficient helps to compute in percentage the influence of Bitcoin over Dark Lisk. If we take all the aspects affecting the price of DISK as 100%, then the share of BTC price among these factors will be 82.81%. The other part which is 17.19% covers all the other factors, such as media, events or crypto related laws.