LikeCoin vs RaveDAO

RaveDAO (RAVE) is 19.4× the size of LikeCoin (LIKE) by market capitalisation. Over the past 30 days, RAVE is ahead by 4.4 percentage points (LIKE -34.0% against RAVE -29.5%). Their daily returns move closely together (correlation 0.65 across 28 shared trading days). LIKE has been the more volatile of the two, at 140% annualised against RAVE's 89%.

Correlation: 0.65
Size ratio: 1 : 19.4
Ahead over 30 days: RAVE

LikeCoinLIKE

$0.001582

24h: —
Market cap: $1.96M
Volume 24h: —
Volatility (ann.): 140%

RaveDAORAVE

$0.140394

24h: +4.80%
Market cap: $37.93M
Volume 24h: $1.12M
Volatility (ann.): 89%

LIKE 4.9%Share of the two combined market caps95.1% RAVE

Performance

LIKERAVE

7 days-26.82%-5.83%RAVE
30 days-33.97%-29.54%RAVE

Correlation

0.65over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.6590d: 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	LIKE	RAVE
Max drawdown (400d)	-44.7%	-56.3%
Risk-adjusted return (90d)	-0.20	-0.60

Relative strength over 90 days: LIKE outperformed RAVE by 37.8% — measured on the LIKE/RAVE ratio, so it holds regardless of market direction.

LikeCoin →RaveDAO →