Does Troll Payment depend on Bitcoin? Based on the correlation analysis, BTC and TPG have a very strong positive relationship. The correlation coefficient of their prices is 0.91, which was calculated based on the last 100-days' price fluctuations of both currencies.
This coefficient may adjust 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 currencies are moving in the reversed direction while the positive coefficient means that the prices are moving in the identical trend. For instance, if Bitcoin and Troll Payment connection is positively strong, it means that when BTC is growing TPG will rise as well. The negative strong relation will show that when BTC is growing TPG value will be in contrary lowering.
The knowledge of the correlation coefficient helps to estimate in percentage the influence of Bitcoin over Troll Payment. If we take all the factors affecting the price of TPG as 100%, then the share of BTC price among these factors will be 82.81%. The other part which is 17.19% covers all the other things, such as media, technological releases or regulations.