Loki (LOKI)





Bitcoin and Loki Correlation

Does Loki depend on Bitcoin? According to the correlation analysis, BTC and LOKI have a very strong negative relationship. The correlation coefficient of their prices is -0.75, which was calculated based on the last 100-days' price fluctuations of both coins.

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 indicates that the prices of the currencies are moving in the reversed direction while the positive coefficient means that the prices are going in the identical direction. For example, if Bitcoin and Loki connection is positively strong, it means that when BTC is rising LOKI will rise as well. The negative strong relation will indicate that when BTC is growing LOKI price will be in contrary lowering.

The knowledge of the correlation coefficient helps to determine in percentage the influence of Bitcoin over Loki. If we take all the aspects affecting the price of LOKI as 100%, then the share of BTC price among these factors will be 56.25%. The other part which is 43.75% covers all the other factors, such as news, technological releases or politics.