The Question :

Is the price of Algorand more closely correlated with the crypto market, and assets such as BTC or ETH, or is it more correlated with network usage such as number of transactions or ALGO transfers? How does this compare to other networks such as Solana? Note your findings and anything else that may be interesting in relation to Algorand's price movement!

Approach :

Items which is provided in this dashboard are :

   - Algo price vs total Number of transactions on Algorand Network
   - Algo price vs total Number of Algo Transfers
   - Algo price vs total Amount of Algo Transfers
   - Algo price  vs BTC price
   - Algo price  vs ETH price
   - sol number of transfers vs sol price
   - sol amount od transfers vs sol price
   - Sol price vs ETH price
   - Sol price  vs BTC price

    time period : 2022

Solana Price Analyzing :

Findings :

• looking at the charts , It can be said that, the Algo price is more and less correlated with the number of transactions and the number of transfers and also Amount of transfers.

• the correlation between Algo price and Algo number of transactions is stronger than amount and number of algo transfers

• the correlation between Algo price and BTC price is stronger than any other metrics which has been analyzed in this dashboard. corellarion between Algo and ETH price is also very strong .

• there is no strong correlation seen between Sol price and Sol number and amount of transfers

• SOL price is also correlated to BTC and ETH price very strongly