Price correlation between RUNE, XRUNE and THOR

    This dashboard aims to analyse any correlations in price between the RUNE, XRUNE and THOR tokens. To analyse correlation, this dashboard will examine if there are similar trends in price action of the tokens. Because this is a subjective measure, no exact correlation will be provided by this dashboard.

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    This chart provides price action of all three tokens over a period of around the last 6 months. However, since XRUNE was launched in July 2021 and THOR only in November 2021, this chart does not provide much information about the correlation in price of all three tokens. Also, since the tokens have very different values in USD, the chart is harder to read. Therefore, the next three charts show the price of the tokens in separate charts to preserve a readable y scale for each token. The charts will only show the price action from the launch of the THOR token in order to make a fair comparison.

    Right after launch the price of THOR spiked, after which the price has been on a downtrend.

    It is clear that the price of RUNE has been on a downtrend since the launch of THOR.

    The price of XRUNE saw a sudden increase in price on November 14th, after which the price decreased again.

    Conclusion

    While the XRUNE token saw a sudden price increase that was not mirrored by the other tokens, the price of all tokens has been on a downtrend since the launch of THOR. However, it is hard to show any definitive correlation between the three tokens since THOR has been on the market for only a short period of time.