Minswap vs Bitway

Bitway (BTW) is 338.2× the size of Minswap (MIN) by market capitalisation. Over the past 30 days, BTW is ahead by 61.9 percentage points (MIN +11.5% against BTW +73.4%). Their daily returns move loosely together (correlation 0.59 across 22 shared trading days). BTW has been the more volatile of the two, at 365% annualised against MIN's 71%.

Correlation: 0.59
Size ratio: 1 : 338.2
Ahead over 30 days: BTW

MinswapMIN

$0.002866

24h: +0.41%
Market cap: $4.91M
Volume 24h: $123,416
Volatility (ann.): 71%

BitwayBTW

$1.1000

24h: +11.57%
Market cap: $1.66B
Volume 24h: $5.86M
Volatility (ann.): 365%

MIN 0.3%Share of the two combined market caps99.7% BTW

Performance

MINBTW

7 days-0.56%-44.93%MIN
30 days+11.48%+73.36%BTW

Correlation

0.59over 22 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	MIN	BTW
Max drawdown (400d)	-13.9%	-60.7%
Risk-adjusted return (90d)	0.16	0.43

Relative strength over 90 days: BTW outperformed MIN by 56.1% — measured on the MIN/BTW ratio, so it holds regardless of market direction.

Minswap →Bitway →