• A “significant correlation” has been identified between the price behavior of XRP and XLM.
• David Schwartz believes there isn’t enough XRP/XLM liquidity to cause a significant correlation in their prices.
• Schwartz observed three distinctive factors responsible for the XRP-XLM correlation.

A “significant correlation” has been identified between the price behavior of XRP, the native token of the Ripple network, and XLM, Stellar’s native cryptocurrency. Despite the observed correlation, Ripple’s Chief Technology Officer (CTO), David Schwartz, does not think there is enough XRP/XLM liquidity to cause a significant correlation in their prices.

Using data from CoinmarketCap, Schwartz showed how XRP and XLM have displayed similar price movements in the past year. This prompted the Ripple CTO to propose potential reasons behind the similarity in trends for both cryptocurrencies.…

The post XRP, XLM Price Correlation? Expert Weighs In appeared first on Coin Edition.

• A “significant correlation” has been identified between the price behavior of XRP and XLM.
• David Schwartz believes there isn’t enough XRP/XLM liquidity to cause a significant correlation in their prices.
• Schwartz observed three distinctive factors responsible for the XRP-XLM correlation.

A “significant correlation” has been identified between the price behavior of XRP, the native token of the Ripple network, and XLM, Stellar’s native cryptocurrency. Despite the observed correlation, Ripple’s Chief Technology Officer (CTO), David Schwartz, does not think there is enough XRP/XLM liquidity to cause a significant correlation in their prices.

Using data from CoinmarketCap, Schwartz showed how XRP and XLM have displayed similar price movements in the past year. This prompted the Ripple CTO to propose potential reasons behind the similarity in trends for both cryptocurrencies.…

The post XRP, XLM Price Correlation? Expert Weighs In appeared first on Coin Edition.