Comparing Ethereum With Hive And Leo Price From June – July, 2022.

After walking pass the crypto market, I decided to carry out an analysis of relationship between ethereum, hive and leo token.

This guide will figure out if ethereum has influence on price of both hive and leo token.
In this article also, I shall cover, maximum and minimum values of both tokens and their analysis of correlation. This article will help for record keeping purposes which make the block chain safer to get it posted.

Maximum and minimum values
The maximum and minimum values of the three asset can be seen in the table below.

Analysis of correlation
Analysis of correlation will determine the kind of relationship model to use for checking out if ethereum has an influence on both tokens. The method adopted is the partial correlation. It aids to analyze if a particular asset has an influence over the other.

From the analysis of partial correlation ethereum seems to have a weak influence on the price of hive and leo token. It can be seen that the coefficient of correlation is positive meaning that as the price of ethereum pumps, that of hive and leo pumps as well. But the relationship coefficient isn’t that strong (r = 0.281). Ethereum has a weak influence in the price of both tokens.

Conclusion
This article has been able to present the influence of ethereum price on hive and leo tokens and it seems to be a weak influence.
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Thanks for reading through.