Algorand Price Correlation

    Yes, it does correlate with BTC, but ...

    Task

    • Is the price of Algorand more closely correlated with the crypto market, and assets such as BTC or ETH, or is it more correlated with network usage such as number of transactions or ALGO transfers?

    • How does this compare to other networks such as Solana? Note your findings and anything else that may be interesting in relation to Algorand's price movement!

    Intro

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    Method

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    Analysis

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    As apparent ALGO price is well correlated with BTC price. The only days were that couldnt be said are May 7 to May 9.

    Sol price, for some i cant get it to join with wbtc price

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