Data

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.

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

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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:

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-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