Advanced Micro Devices, Inc. (AMD) vs Shiba Inu (SHIB)
Loading chart...
Correlation Analysis
Insight
Shiba Inu (SHIB) has demonstrated a strong price correlation with Dogecoin (DOGE), indicating that market dynamics affecting DOGE may similarly influence SHIB.
Historical Triggers
- July 2024:SHIB exhibited a 97% price correlation with DOGE over a 60-day period, highlighting their interconnected market behavior.
Notes
- The high correlation between SHIB and DOGE suggests that investor sentiment and market events impacting one are likely to affect the other.
- SHIB's price movements are closely tied to those of DOGE, reflecting their shared status as prominent meme coins.