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    THORChain: Price Correlation

    In this dashboard, we will take a look at the correlation of price of THORChain native token $RUNE, THORStarter $XRUNE and THORSwap governance token $THOR. THORStarter and THORSwap are two main components and dApps in THORChain ecosystem.

    Let's look at the hourly price in USD for past 30 days. We can see that past few days all these three assets has dropped in price and it seems $RUNE taking the steepest decline among the three. $RUNE also has been trading under 30 days Moving Average most of the time for the past 30 days.

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    In ran some simple regression to see how much $RUNE price and 30 days Moving Average of $RUNE affect $XRUNE and $THOR. $RUNE price has higher impact on $THOR and $XRUNE as seen from effect summary below.

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    From prediction profiler below, we can see how $RUNE price and moving average will affect $XRUNE and $THOR.

    In conclusion, native asset is usually the apex asset asset in an ecosystem just as how $BTC price can dictate the whole direction of crypto because it is the ultimate apex asset in all cryptocurrency.