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