Does DarkTron depend on Bitcoin? Based on the correlation analysis, BTC and DRKT have no relationship. The correlation coefficient of their prices is 0.00, which was estimated based on the previous 100-days' price fluctuations of both currencies.
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 shows that the prices of the cryptocurrencies are going in the reversed direction while the positive coefficient means that the prices are going in the identical trend. For example, if Bitcoin and DarkTron connection is positively strong, it means that when BTC is growing DRKT will grow as well. The negative strong relation will tell that when BTC is growing DRKT value will be in opposite lowering.
The knowledge of the correlation coefficient helps to compute in percentage the influence of Bitcoin over DarkTron. If we take all the factors affecting the price of DRKT 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 circumstances, such as media, events or crypto related laws.