Has anyone spent the time to compare Tesla vrs Ethereum?
When we pull up the charts and do an overlay, we can spot a very Erie correlation that might have you scratching your head..
Are these maybe the same asset?
The way these two assets have moved almost in exactly the same manner has me wondering is there some correlation or it's just pure random behavior.
While we've seen in the past how closely BITCOIN can be compared with Avocado futures, I don't think anything can match this correlation we have here!
What does the Leo community think, is this just a bizarre correlation or is there something we don't know about these assets and that they are more related than meets the eye?
One can could say that the speculators of both assets are of a similar mindset and generation.
Your thoughts?
@originate Hive Developer Evangelist & Market Analyst
Posted Using LeoFinance
I don´t get your point, there are numerous similar patterns.
Reason is that BTC behaves similar like stocks, if stocks go down so does BTC (as was nicely shown in the Corona dump and now too, and along with BTC the alts follow. Not mind-blowing at all.