Ignis vs Prize Protocol

Prize Protocol (PRIZE) is 5525.7× the size of Ignis (IGN) by market capitalisation. Over the past 30 days, PRIZE is ahead by 45.8 percentage points (IGN -53.4% against PRIZE -7.5%). Their daily returns move loosely together (correlation 0.54 across 21 shared trading days). IGN has been the more volatile of the two, at 121% annualised against PRIZE's 82%.

Correlation: 0.54
Size ratio: 1 : 5525.7
Ahead over 30 days: PRIZE

IgnisIGN

$0.000195

24h: +2.61%
Market cap: $10,580
Volume 24h: $160
Volatility (ann.): 121%

Prize ProtocolPRIZE

$0.000994

24h: -6.20%
Market cap: $58.46M
Volume 24h: $83,436
Volatility (ann.): 82%

IGN 0.0%Share of the two combined market caps100.0% PRIZE

Performance

IGNPRIZE

7 days-30.74%-7.11%PRIZE
30 days-53.37%-7.54%PRIZE

Correlation

0.54over 21 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	IGN	PRIZE
Max drawdown (400d)	-56.2%	-24.6%
Risk-adjusted return (90d)	-0.45	0.13

Relative strength over 90 days: PRIZE outperformed IGN by 30.2% — measured on the IGN/PRIZE ratio, so it holds regardless of market direction.

Ignis →Prize Protocol →