$VELVET price is negatively correlated with the top 10 coins by market cap with a price of -0.153, excluding Tether (USDT) and negatively correlated with the top 100 coins by market cap excluding all stablecoins with a price of -0.255.
Currencies that are positively correlated with Velvet indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Velvet, a move in one direction for Velvet would translate into a move in the opposite direction for the negatively correlated coin.
Currencies that are positively correlated with Velvet indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Velvet, a move in one direction for Velvet would translate into a move in the opposite direction for the negatively correlated coin.