In this bounty we were asked to check if the Algo price has any acorrelation with the market status(price of eth and btc) or it have any correlation with the volume and number of swaps in Algorand network.

I checked the price of goBTC and goETH from January first 2021. As you can see while BTC decrease, Algo lose its value faster and while the price of BTC was more stable, Algo price grow faster.

Now lets check the correlation between volume and number of swaps in Algorand network with Algo price:

In first half of January 2022, the number and volume of swaps decreased sharply, while at the same time the price of Algo was growing. After that date that price of Algo and number of swaps was decreasing, while volume of swap was moving between a fixed numbers but it is good to say that while in last recent month the price of Algo was decreasing more and more, volume of swaps was increasing.

Now lets check the same data for SOL and activities on Solana network:

In an overall view, swap volume decreased from Dec 2021(it had huge volatility) but the number of swaps increased in the same time until mid of May.The growth in the number of swaps was when the price of SOL was decreasing.

Swap volume in SOLANA chain decreased more that ALGORAND chain.

But Ithink price og Algo has more correlation with the BTC more than other factors.