Cryptocurrency Correlation Changes: XRP Poised to Overtake BNB

Cryptocurrency Correlation Changes: XRP Poised to Overtake BNB

XRP leads by decoupling from traditional correlation with Bitcoin.
BNB faces challenges as XRP seeks to outperform in capitalization.
Over the last two months, the landscape of the cryptocurrency market has undergone substantial transformations in the correlation patterns of various assets with the market frontrunner, Bitcoin (BTC). Notably, two major contenders, XRP and Binance Coin (BNB), have witnessed a significant decline in their correlation with BTC, heralding a fresh dynamic within the realm.
Insights from the market analysis tool Kaiko unveil XRP as the primary driver of this shift, marking the most substantial reduction in correlation with Bitcoin. Previously boasting a correlation exceeding 70%, XRP has seen this figure dwindle to nearly 40% over the past two months. This downturn establishes XRP as the asset displaying the highest level of autonomy in its price movements among the most prominent alternative coins.
In a parallel trajectory, BNB has encountered the second mos

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