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Reality Clash (RCC)

Correlation

0.68

Influence

46.24%

Bitcoin and Reality Clash Correlation

Does Reality Clash depend on Bitcoin? According to the correlation analysis, BTC and RCC have a strong positive relationship. The correlation coefficient of their values is 0.68, which was calculated based on the last 100-days' price dynamics of both cryptocurrencies.

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 tells that the prices of the currencies are moving in the contrary trend while the positive coefficient indicates that the prices are moving in the same direction. For example, if Bitcoin and Reality Clash connection is positively strong, it means that when BTC is rising RCC will grow as well. The negative strong relation will indicate that when BTC is rising RCC price will be in contrary decreasing.

The knowledge of the correlation coefficient helps to determine in percentage the influence of Bitcoin over Reality Clash. If we take all the aspects affecting the price of RCC 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 circumstances, such as news, technological releases or politics.