Bitcoin And Near Protocol Token (Btc vs NEAR) by iniobong3emm

hive-167922 · @iniobong3emm · Jun 28 '22

$10.50

Bitcoin And Near Protocol Token (Btc vs NEAR)

Since the recovery of bitcoin from the dip, it has called for the need to carryout analysis on altcoins. The trend of bitcoin got some impact in terms of influence on other alt coins.

This article will visualize the type of influence bitcoin has on near token.

Objectives Of The Study
In the course of this article, I shall tend to cover the following subtopics under influence test.

-What is influence test about?
-Groups of influence
-Significance of the analysis.
-Data collection from coingecko.com of the price of bitcoin and that of near token
-Analysis and interpretation of data.
-Conclusion

What is influence test about?
Influence test is based on correlation analysis to visualize if the prize of bitcoin in a bull weather affects near token in any form.

Categories of influence analysis
The following are the categories of influence test.

Positive influence
Positive influence between the price of bitcoin and that of near is positive when the price of bitcoin express a bullish influence, the price of near experiences same as well and vice versa. . This is said to be a positive influence and it tends towards +1 direction of the number scale.

Negative influence
Influence between the price of bitcoin and that of near is negative when the price of bitcoin express a bullish influence, the price of near simultaneously experiences bearish. This is said to be a negative influence and it tends towards -1 direction on the number scale system of Karl Pearson..

Zero influence
Zero influence indicates that there is no link between the price of bitcoin and that of near in the crypto market.

This test was invented by a statistician named Karl Pearson.
This test uses letter “r” to indicate the category in which the relationship falls into. He proved variable existing can have a positive, negative or even zero correlation between the variables.

For a positive relationship r = 1 or tends towards a positive 1 axis.
For a negative relationship r = -1 or tends towards a negative 1 axis.
For zero relationship r = 0 or tends towards the zero axis.

Significance of the analysis

Test of influence is a theory to prove whether there is an influence that exist between the price of bitcoin and near token.

To examine the direction of influence. If it heads towards zero point, -1 or +1.

I shall attempt to collect data from coingecko.com as regards the price of bitcoin and that of near for the period of June 4 – June 27, 2022.

The price of bitcoin and near are the second and the third variable in the variable view mode of SPSS software.

![variable.JPG](https://images.hive.blog/DQmWd3w5QNBLhLt3xPcRJvcog2ouZq8x8j1Dz19yKt7FbSt/variable.JPG)<center> Taken With Desktop Computer </center>

The data view mode of both tokens can be seen below.

![data.JPG](https://images.hive.blog/DQmNb1URQxsPZvkaiy6EQygX1p1tX9yjsfdJGKqaCFkUApB/data.JPG)<center> Taken With Desktop Computer </center>

From the analysis of both prices, we shall attempt to consider running a scatter dot diagram.

![scatterdot.JPG](https://images.hive.blog/DQmeXwXPAmCM7R8Km7eV3Q8xabfNmU6iDgB53uWsXiUwJnt/scatterdot.JPG)<center> Taken With Desktop Computer </center>

From the scatter dot diagram, there is a positive relationship but its pertinent to view the strength of relationship.

Result

![correlation.JPG](https://images.hive.blog/DQmfC14G2aGnz6WSbKCRHpdphNLetSN6Zm1xjj7KTZeCLCC/correlation.JPG)<center> Taken With Desktop Computer </center>

The result of the analysis shows that the coefficient of correlation r = 0.906 indicating it’s close to positive 1 axis. This is a maximum positive relation between bitcoin and Near token prices.
When the price of bitcoin is in a bullish weather in the crypto market, the price of Near token will likely be in a bullish weather too. This happens at same rate.

The minimum and maximum Price of both tokens for that period is.

![descriptive.JPG](https://images.hive.blog/DQmX5d5B5H43EKfSGHL3u511FJDFbSAGAV5rseeo5F19s2t/descriptive.JPG)<center> Taken With Desktop Computer </center>

Conclusion
The null hypothesis which states that there is no relationship between both tokens is incorrect from the result of analysis, we can visualize a maximum positive relationship between both tokens.

👍 leo.voter, p-hive, pouchon, steemaction, bitrocker2020, communitybank, beta500, atheistrepublic, firstamendment, dlike, citizendog, ireenchew, robvector, roleerob, uwelang, neoxiancity, kevinwong, megavest, bartosz546, tokensink, leofinance, simba, ew-and-patterns, fantasycrypto, achimmertens, mammasitta, trisolaran, khaleelkazi, vintherinvest, jigstrike, elizabeth-22, sam99, starfighter, daniky, kiaazad, botefarm, solox, marivic10, organduo, battebilly, tomlee, steemegg, eythorphoto, successchar, filosof103, dashfit, simsahas, tomatom, kork75, qila, jackramsey, realblockchain, atyourservice, peterpanpan, zacherybinx, eprolific, travelwritemoney, psygambler, sportsconnect, cool08, amimohan, netvalar, kdee916, xanderslee, and 175 others
👎 xleo.voter

`author`	iniobong3emm
`permlink`	bitcoin-and-near-protocol-token-btc-vs-near
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`created`	2022-06-28 02:31:54
`last_update`	2022-06-28 02:31:54
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`root_title`	"Bitcoin And Near Protocol Token (Btc vs NEAR)"
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`post_id`	114,385,932
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`author_curate_reward`	""

properties (23)vote details (240)

voter	rshares	pct
simba	28,657,981,412	32.5%
kevinwong	37,359,859,681	4.5%
justtryme90	608,218,591	32.5%
mammasitta	23,332,072,129	6.5%
nascimentoab	2,419,100,313	32.5%
joshglen	4,038,381,659	32.5%
psygambler	5,171,335,174	32.5%
randomblock1	4,176,292,092	65%
uwelang	39,801,173,210	7.2%
moretea	3,114,138,411	65%
roguewriter	998,190,405	32.5%
dashfit	7,321,793,179	32.5%
hoboway	806,868,528	32.5%
daj	636,779,872	32.5%
ihsan19	788,401,549	65%
sixexgames	3,895,884,355	32.5%
pouchon	218,502,173,887	8.1%
more4less	3,596,660,092	65%
l337m45732	2,536,426,259	3.6%
mrstaf	1,297,919,205	32.5%
bitrocker2020	96,999,781,069	9%
christianolu	972,739,527	90%
slefesteem	526,238,989	32.5%
friesennerz	1,666,227,350	32.5%
firstamendment	62,316,826,343	50%
sam99	16,115,115,676	21%
amimohan	4,726,844,486	100%
ew-and-patterns	28,167,053,269	10%
zacherybinx	5,521,076,481	32.5%
makrotheblack	2,936,451,759	32.5%
blackmagic	2,684,037,622	65%
dante31	1,096,136,136	9%
urchice	574,939,848	32.5%
fatherfaith	936,618,183	32.5%
colmedwardsphoto	3,886,945,991	65%
thauerbyi	2,843,911,115	16.2%
jeanlucsr	2,179,940,488	3.6%
valchiz	1,695,634,182	15%
pearlumie	1,258,647,199	32.5%
knightwarrior	1,351,257,697	32.5%
bahagia-arbi	848,227,130	18%
tezzmax	2,336,817,633	32.5%
tochprince	1,133,494,619	32.5%
roleerob	40,410,596,452	9%
tolarnee	772,174,688	32.5%
bcrafts	1,413,183,103	13%
airmarshalob1	501,091,115	65%
khaleelkazi	18,472,330,006	18%
bartosz546	36,491,661,779	32.5%
kiaazad	12,290,731,065	32.5%
liverpool-fan	2,324,530,748	32.5%
battebilly	9,535,035,329	32.5%
airhawk-project	1,851,997,765	65%
odebgaming	800,278,948	65%
kdee916	4,617,845,780	32.5%
kerry234	627,825,007	65%
vintherinvest	17,946,526,114	9%
fredkese	2,251,110,671	20%
mirfaner	556,874,455	65%
tboyloyal	876,532,511	32.5%
hrhmikelength	891,252,750	32.5%
berkaytekinsen	1,563,135,069	65%
motivatorjoshua	1,422,117,407	65%
xanderslee	4,457,108,116	65%
joannewong	676,528,056	9%
enjoyy	688,223,964	32.5%
amarbir	1,175,256,416	50%
funshel	649,612,656	32.5%
tomatom	6,990,387,901	32.5%
akumar	1,830,985,856	65%
azmielbanjary	2,714,788,745	32.5%
thedrewshow	517,536,485	65%
sholly1	3,395,243,110	26%
eprolific	5,454,120,216	65%
communitybank	83,206,230,800	65%
osarueseosato	3,338,843,341	65%
admiralsp	482,963,601	65%
jigstrike	17,930,826,151	32.5%
airhawk-exchange	1,587,388,996	65%
purefood	1,528,431,047	18%
mrxplicit	1,043,457,767	65%
k-banti	1,698,133,862	32.5%
cheesom	585,626,898	32.5%
cool08	4,771,139,828	32.5%
fantasycrypto	25,336,196,042	32.5%
oredebby	1,485,788,252	32.5%
photohunter2	614,996,936	32.5%
preciousimo	1,282,904,313	65%
sportsconnect	4,804,500,018	65%
joshh71390	1,924,053,665	32.5%
organduo	9,685,106,563	18%
sodrill	676,394,378	52%
atjehsteemit	601,830,091	32.5%
sunshinebear	1,023,317,675	32.5%
nucleus-tezz	1,194,353,474	32.5%
botefarm	12,012,766,019	70%
comidinhas	694,680,792	100%
carloniere	659,218,396	65%
laviniatherapist	2,710,161,431	55.25%
bookoons	512,632,268	32.5%
elizabeth-22	16,454,163,758	32.5%
gifty-e	560,829,571	65%
achimmertens	23,911,028,778	32.5%
jacksondavies	1,710,806,731	32.5%
realblockchain	5,698,661,787	20%
calebotamus	4,010,678,329	100%
ashley4u	1,867,650,976	32.5%
thomaskatan	1,305,984,720	45.5%
netzisde	700,850,537	32.5%
zaxan	709,929,880	9%
rachelleignacio	788,465,399	32.5%
trisolaran	18,787,904,782	32.5%
steemxp	1,038,148,381	9%
dawizy	1,154,687,032	52%
citizendog	55,961,618,149	65%
ihal0001	644,349,103	32.5%
femseen	986,392,619	70%
steemian258	3,865,927,764	32.5%
shortsegments	624,285,804	0.9%
mayorfaruk	2,408,610,301	19.5%
fabrik	2,261,805,223	65%
qila	6,460,900,235	65%
gallerani	1,056,143,147	18%
juanhobos	537,893,680	32.5%
montanacellist	2,752,502,269	32.5%
mastersa	1,637,111,151	32.5%
ezunjoshy	1,609,625,815	32.5%
yestermorrow	3,825,895,237	9.75%
marivic10	10,768,819,279	32.5%
ireenchew	53,434,645,043	12.6%
cynicalcake	899,145,472	32.5%
riottales	554,382,329	32.5%
dlike	57,661,887,992	18%
steemaction	111,986,760,094	18%
jenniferjulius	1,512,684,315	32.5%
predict-crypto	2,336,142,605	1.3%
edward-abu	607,965,414	65%
topworlds	4,114,042,880	58.5%
ennydee	531,336,086	32.5%
hibbi	513,347,893	9%
starbooks	2,050,074,037	32.5%
solox	11,992,467,615	65%
martinstomisin	2,081,980,548	32.5%
kork75	6,560,795,857	32.5%
fire451	1,290,450,428	65%
starfighter	15,383,272,930	65%
steemegg	9,096,267,490	32.5%
jtm.support	2,419,564,494	32.5%
flyingbolt	1,288,022,805	18%
ava77	584,897,881	16.25%
jackramsey	5,988,305,652	45.5%
filosof103	8,492,644,758	32.5%
hungryanu	1,291,940,325	19.5%
swirly	3,442,890,548	32.5%
megavest	36,874,895,850	18%
travelwritemoney	5,303,018,731	18%
psyo	3,705,136,101	32.5%
tomlee	9,377,453,004	32.5%
leo.voter	15,222,268,976,511	18%
leo.curator	672,870,891	14.4%
zaku-ag	1,628,114,481	30%
r-ag	120,630,174	30%
xawi-ag	534,253,726	15%
class101	1,102,243,397	30%
neoxiancity	37,619,176,218	30%
hyborian-strain	757,931,806	9.75%
babytarazkp	3,306,543,261	40%
asteroids	1,328,885,033	18%
tokensink	34,335,439,878	65%
beta500	72,875,850,457	65%
successchar	8,729,111,121	32.5%
coinlogic.online	4,141,940,879	9%
chloem	2,678,772,606	18%
mrhaldar	3,810,763,042	15%
atheistrepublic	69,104,617,101	32.5%
hjmarseille	2,030,419,236	45.5%
onestop	2,859,311,651	9%
im-ridd	686,300,234	32.5%
mengene	457,120,979	32.5%
leofinance	34,293,544,836	18%
spiritking	754,517,092	100%
peterpanpan	5,531,407,437	6.5%
abkevwe	590,524,498	32.5%
beehivetrader	735,663,119	9%
daniky	13,481,013,423	16.25%
hive-homeland	1,272,183,285	32.5%
jsalvage	674,511,550	32.5%
filosbonus1	1,443,174,092	32.5%
ilovegames	4,176,529,162	13%
tajimkhan	1,286,310,517	32.5%
wrapped-leo	1,717,834,803	18%
casilokodesing	737,574,533	32.5%
joshuabbey	1,015,585,897	100%
ibkdagreat	4,150,741,945	70%
leo.tokens	1,573,737,912	18%
lancergrows	646,705,366	32.5%
vonzeppelin	1,227,562,348	32.5%
shamzy	1,155,406,577	32.5%
elongate	580,623,665	18%
amongus	651,378,118	18%
arunbiju969	710,883,048	14%
tomlee.sports	503,660,641	32.5%
din0baba	742,991,370	32.5%
robvector	43,506,888,828	32.5%
b-leo	1,964,814,324	18%
eythorphoto	8,988,176,267	32.5%
cryptololo	837,100,560	16.2%
porsuk	577,894,970	65%
broadhive-org	1,239,633,568	9%
maxelitereturned	1,569,694,859	32.5%
zarnoex	564,602,063	32.5%
counterterrorism	1,625,844,306	32.5%
chuxter	899,898,004	32.5%
nozzy	3,176,273,591	100%
memesupport	573,782,646	30%
xaviduran	761,886,476	32.5%
kalivankush	2,367,910,392	32.5%
poggersdude	1,089,124,136	32.5%
shadowalker21	1,138,517,342	32.5%
swearingradio	2,220,201,969	48.75%
ragk88	1,982,886,205	58.5%
kayntan	2,165,439,800	32.5%
waivio.curator	1,593,381,290	3.04%
simsahas	7,273,837,289	32.5%
jsynnthagr8	595,544,504	32.5%
brainstommer	840,637,172	9%
saboin.leo	112,048,538	22%
hoffmeister84	1,386,666,059	32.5%
femcy-willcy	517,574,411	18%
netvalar	4,662,666,336	70%
filip-psiho	521,474,134	9%
atyourservice	5,687,000,434	100%
njclabaugh	502,859,380	100%
p-leo	584,849,914	18%
khaltok	1,507,088,379	18%
conodev	1,270,258,975	100%
kryptofire	848,152,572	32.5%
xleo.voter	-54,746,436	-18%
p-hive	527,610,470,803	18%
era131	2,063,392,222	32.5%