To compare the price of ALGO to BTC and ETH, the daily price of ALGO (from flipside_prod_db.algorand.prices_swap) and the daily price of WBTC and WETH (from ethereum.core.ez_dex_swaps) are shown together in chart below.

To better show the changes in price, the daily USD price of each asset is divided by to the average price of each asset and named as Effective Price. Chart below shows the daily effective price of each asset.

It seems that there is a relationship between the price of ALGO and the price of BTC and ETH. Sudden changes in the price of BTC and ETH are accompanied by sudden changes in the price of ALGO in the same direction.

Chart below shows the number of transfers and the number of transactions and the price of ALGO.

It seems that sudden changes in the price of ALGO is accompanied by an increase in the number of transactions and the number of transfers.

Chart below shows the daily price of SOL and daily count of transfers and transactions in SOLANA.

Analysis of the price of ALGO since November 2021 - The correlation between the USD price of ALGO and the price of BTC, ETH and the number of transaction on Algorand.

Chart below shows the daily USD price of ALGO since November 2021.

It seems that there is a correlation between the price of SOL and the price of BTC and ETH. But there is no correlation between the price of SOL and the number of transactions and transfers on SOLANA.

According to this charts, the price of these assets are usually increases and decreases together. The number of transactions may be influenced by the price, but it does not affect it.