Biconomy Exchange Token vs Cronos

Cronos (CRO) is 4146.2× the size of Biconomy Exchange Token (BIT) by market capitalisation. Over the past 30 days, CRO is ahead by 58.1 percentage points (BIT -72.4% against CRO -14.2%). Their daily returns move closely together (correlation 0.84 across 26 shared trading days). BIT has been the more volatile of the two, at 237% annualised against CRO's 86%.

Correlation: 0.84
Size ratio: 1 : 4146.2
Ahead over 30 days: CRO

Biconomy Exchange TokenBIT

$2.300e-6

24h: -0.23%
Market cap: $620,948
Volume 24h: $787,695
Volatility (ann.): 237%

CronosCRO

$0.050722

24h: -0.32%
Market cap: $2.57B
Volume 24h: $4.92M
Volatility (ann.): 86%

BIT 0.0%Share of the two combined market caps100.0% CRO

Performance

BITCRO

7 days-74.49%-6.67%CRO
30 days-72.36%-14.25%CRO

Correlation

0.84over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.8490d: insufficient data1y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	BIT	CRO
Max drawdown (400d)	-75.8%	-28.4%
Risk-adjusted return (90d)	-0.30	0.07

Relative strength over 90 days: CRO outperformed BIT by 69.8% — measured on the BIT/CRO ratio, so it holds regardless of market direction.

Biconomy Exchange Token →Cronos →