The diagram compares the daily average price of $DEGEN with the total number of casts on Farcaster. It appears that, in fact, $DEGEN is the pulse of Farcaster.

crypto-anarchist · onchain social explorer, curator, advisor · host /luo · write 0xluo.xyz

Whoa. What’s the R^2 for this correlation? Gotta be at least 0.7!

✵ Create ✵ Share ✵ Remix ✵

Experimental 2D/3D artist. Data science Pythonista. He/They. Nerdy++; (Nearly) all work CC-BY/CC0/FOSS

https://mxvoid.com

how surprisingly high is that number? can you answer that question with an example of another R^2?

-1.0 is a perfect inverse correlation, 1.0 is a perfect positive correlation.

Here’s a table comparing some R^2 values between specific classes of investments:

-1.0 is a perfect inverse correlation, 1.0 is a perfect positive correlation.

Here’s a table comparing some R^2 values between specific classes of investments:

https://www.guggenheiminvestments.com/advisor-resources/interactive-tools/asset-class-correlation-map