Experience Points (XP)





Bitcoin and Experience Points Correlation

Does Experience Points depend on Bitcoin? According to the correlation analysis, BTC and XP have a strong positive relationship. The correlation coefficient of their prices is 0.68, which was measured based on the previous 100-days' price movements of both assets.

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 shows that the prices of the coins are going in the opposite trend while the positive coefficient means that the prices are moving in the identical trend. For instance, if Bitcoin and Experience Points connection is positively strong, it means that when BTC is rising XP will grow as well. The negative strong relation will tell that when BTC is growing XP price will be in opposite lowering.

The knowledge of the correlation coefficient helps to figure out in percentage the influence of Bitcoin over Experience Points. If we take all the circumstances affecting the price of XP as 100%, then the share of BTC price among these factors will be 46.24%. The other part which is 53.76% covers all the other factors, such as news, events or crypto related laws.