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Dinero (DIN)

Correlation

0.85

Influence

72.25%

Bitcoin and Dinero Correlation

Does Dinero depend on Bitcoin? According to the correlation analysis, BTC and DIN have a very strong positive relationship. The correlation coefficient of their values is 0.85, which was measured based on the last 100-days' price fluctuations of both cryptocurrencies.

This coefficient may change 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 tells that the prices of the coins are moving in the reversed trend while the positive coefficient shows that the prices are moving in the identical trend. For example, if Bitcoin and Dinero connection is positively strong, it means that when BTC is growing DIN will rise as well. The negative strong relation will show that when BTC is growing DIN price will be in opposite lowering.

The knowledge of the correlation coefficient helps to determine in percentage the influence of Bitcoin over Dinero. If we take all the aspects affecting the price of DIN as 100%, then the share of BTC price among these factors will be 72.25%. The other part which is 27.75% covers all the other things, such as news, technological releases or regulations.