Crypto Analysis: ETH and SOL Show Higher Price Sensitivity

IconCryptoNewsTerminal Staff15 Aug, 2024

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Crypto Analysis: ETH and SOL Show Higher Price Sensitivity

The recent analysis by Coinbase analyst David Duong reveals that Ethereum (ETH) and Solana (SOL) exhibit higher price sensitivity compared to the broader crypto market. Duong calculated the beta (price sensitivity) of ETH and SOL as 0.85 and 0.83, respectively. This indicates that ETH and SOL tend to amplify the market's price movements. A beta value greater than 1 suggests that the asset is more volatile than the market, while a beta less than 1 indicates lower volatility. The findings highlight the dynamic relationship between ETH and SOL and the overall crypto market.