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DeltaCredits (DCRE)

Correlation

0.91

Influence

82.81%

Bitcoin and DeltaCredits Correlation

Does DeltaCredits depend on Bitcoin? Based on the correlation analysis, BTC and DCRE have a very strong positive relationship. The correlation coefficient of their values is 0.91, which was estimated based on the last 100-days' price movements 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 points that the prices of the cryptocurrencies are moving in the opposite direction while the positive coefficient means that the prices are going in the same direction. For instance, if Bitcoin and DeltaCredits connection is positively strong, it means that when BTC is rising DCRE will rise as well. The negative strong relation will tell that when BTC is rising DCRE price will be in opposite decreasing.

The knowledge of the correlation coefficient helps to compute in percentage the influence of Bitcoin over DeltaCredits. If we take all the aspects affecting the price of DCRE 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 things, such as news, technological releases or politics.