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Monday

21 June 2021

Why Solana and Polkadot Have Been The Least Impacted By The Crypto Crash

Why Solana and Polkadot Have Been The Least Impacted By The Crypto Crash


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As seen in the char, DeFi projects and decentralized exchanges have equal returns with 2.70% followed by cryptocurrencies with the least returns after web3 applications.

With volatility, the correlation between Solana and all the assets has also increased.

As seen below, the correlation with the market’s dominant asset, Bitcoin, has been steadily increasing.

The DeFi and DEX sector are the most correlated to Bitcoin with Solana and theSmart Contract platform recording the least correlation with an increase of 20% in the last month

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