Meta Platforms, Inc. (META) vs Dogecoin (DOGE)

Correlation Analysis

Insight

Dogecoin's price movements have shown a strong correlation with Bitcoin, with a correlation coefficient reaching as high as 0.97 during certain periods.

Historical Triggers
  • December 2024:Bitcoin's price surge led to a significant increase in Dogecoin's value.
Notes
  • Dogecoin's performance is closely tied to Bitcoin's market movements.

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