Bitcoin on Base vs Non-Playable Coin

Non-Playable Coin (NPC) is 193.2× the size of Bitcoin on Base (BTCB) by market capitalisation. Over the past 30 days, NPC is ahead by 12.1 percentage points (BTCB -34.6% against NPC -22.5%). Their daily returns move loosely together (correlation 0.41 across 29 shared trading days). NPC has been the more volatile of the two, at 160% annualised against BTCB's 110%.

Correlation: 0.41
Size ratio: 1 : 193.2
Ahead over 30 days: NPC

Bitcoin on BaseBTCB

$0.042981

24h: +0.65%
Market cap: $671,400
Volume 24h: $350
Volatility (ann.): 110%

Non-Playable CoinNPC

$0.016111

24h: +5.07%
Market cap: $129.70M
Volume 24h: $1.43M
Volatility (ann.): 160%

BTCB 0.5%Share of the two combined market caps99.5% NPC

Performance

BTCBNPC

7 days-21.96%-9.20%NPC
30 days-34.61%-22.54%NPC

Correlation

0.41over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4190d: 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	BTCB	NPC
Max drawdown (400d)	-43.4%	-34.4%
Risk-adjusted return (90d)	-0.31	1.26

Relative strength over 90 days: NPC outperformed BTCB by 28.1% — measured on the BTCB/NPC ratio, so it holds regardless of market direction.

Bitcoin on Base →Non-Playable Coin →