Does NakomotoDark depend on Bitcoin? According to the correlation analysis, BTC and NKT have no relationship. The correlation coefficient of their values is 0.00, which was measured based on the previous 100-days' price movements 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 points that the prices of the coins are going in the opposite direction while the positive coefficient shows that the prices are going in the same direction. For instance, if Bitcoin and NakomotoDark connection is positively strong, it means that when BTC is growing NKT will grow as well. The negative strong relation will point that when BTC is rising NKT price will be in contrary decreasing.
The knowledge of the correlation coefficient helps to compute in percentage the influence of Bitcoin over NakomotoDark. If we take all the circumstances affecting the price of NKT 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 factors, such as news, events or regulations.