We do the research, you get the alpha!
Should I buy some Luna for negative correlation? https://t.co/iFeHJTSudM
— Charles Hoskinson (@IOHK_Charles) May 10, 2022
$71,266.00
6.77%$3,680.44
18.90%$7.49
7.48%$597.48
3.59%$183.58
6.17%$3,679.34
18.87%$0.999924
-0.03%$0.535445
4.34%$0.162893
7.65%$6.56
3.48%$0.500088
6.47%$39.75
10.24%$0.00002535
6.23%$71,274.00
6.67%$0.123698
1.86%$517.76
6.21%$16.91
-0.22%$8.15
2.67%$9.18
17.74%$0.743784
8.07%$87.66
5.14%$13.51
6.49%$2.41
7.60%$5.99
1.55%$31.90
14.18%$0.00001098
17.83%$3,821.72
19.02%$10.83
7.61%$0.115802
3.65%$9.00
9.94%$2.52
12.27%$3,611.88
18.36%$1.001
-0.05%$8.79
6.47%$6.17
10.65%$0.127903
3.67%$1.018
8.07%$0.342034
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5.30%$2.93
18.20%$2.15
9.83%$1.15
18.85%$50.79
3.39%$46.06
-6.11%$0.127298
3.98%$3,176.19
14.40%$2.76
6.57%$400.81
8.87%$1.16
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6.43%$28.06
14.77%$0.905885
4.62%$1.001
-0.07%$136.05
1.30%$2.44
11.99%$7.03
4.16%$0.00003165
24.97%$4,074.08
19.07%$0.00020989
7.74%$2.13
23.71%$3,790.08
18.71%$9.58
10.33%$0.04189074
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18.81%$98.53
13.94%$99.88
5.09%$10.05
2.13%$0.950333
8.32%$5.95
9.43%$70.62
8.27%$0.93982
1.45%$1.01
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20.03%$0.00000125
5.15%$2.12
9.41%$14.52
12.27%$0.02831571
4.69%$16.27
9.25%$7.83
9.83%$19.67
3.84%$41.31
8.60%$218.88
6.68%$0.124316
7.09%$5.04
5.50%$0.02091558
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3.50%$0.465985
8.34%$0.00005286
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5.66%$0.02065004
4.77%$0.990942
7.55%$0.844489
6.91%$10.10
4.07%$2.99
10.34%$2.94
14.22%$2.25
0.07%$0.236787
7.86%$6.09
21.45%$3,708.86
18.91%$3,661.68
19.12%$0.847885
4.08%$0.827882
7.41%$351.27
17.93%$43.43
7.97%$1.22
14.42%$0.465123
10.34%$218.20
6.95%$0.01219376
9.17%$0.852875
6.93%$1.30
8.66%$1.44
9.49%$4.80
6.22%$19.59
11.20%$0.232296
12.24%$0.694273
4.65%$0.01695061
9.23%$3,658.43
18.82%$0.997534
-0.31%$0.111569
8.85%$0.486413
30.72%$2.76
6.63%$12.21
-3.59%$1.047
6.57%$39.37
8.98%$3,874.45
18.92%$3,926.88
18.64%$0.187274
5.97%$20.88
6.20%$1.011
7.74%$0.998226
0.03%$0.401923
13.72%$0.09543
8.25%$0.0000003
7.35%$0.00010982
4.94%$1.99
-1.04%$0.331361
10.64%$0.745271
5.15%$0.903768
8.58%$92.92
13.32%$2,417.28
-0.72%$2.12
9.40%$0.00570022
4.14%$3,994.65
19.23%$18.45
27.82%$0.471105
11.84%$4.91
7.59%$0.558467
4.81%$2.55
8.08%$0.03694679
1.66%$1.51
3.43%$0.094958
7.47%$4.32
-0.91%$1.14
13.22%$1.95
5.90%$1.001
0.03%$1.12
8.33%$0.02709039
11.44%$0.053221
9.30%$0.335001
7.26%$0.0463186
5.27%$0.416273
8.95%$2.82
10.51%$0.891325
8.88%$0.00000048
2.45%$0.563054
2.50%$0.451882
4.02%$4.80
6.29%$0.04691452
7.94%$1.13
4.30%$3,782.70
19.12%$4.03
22.45%$0.00916574
10.12%$0.228371
8.24%$0.331975
11.16%$1.70
9.17%$0.02441736
7.19%$0.272203
-1.17%$5.37
6.50%$2,408.94
-0.57%$4.48
6.62%$73.89
18.71%$0.03179251
9.54%$0.051742
23.48%$3.76
9.67%$0.082066
13.25%$0.0073834
3.17%$74.47
25.23%$0.00235821
8.47%$0.535738
0.18%$0.605855
6.22%$20.33
10.26%$1.65
15.32%$0.418
8.78%$59.15
6.37%$0.00118019
5.54%$3.85
6.97%$1.00
0.05%$0.00709559
3.48%$3.69
11.98%$1,431.71
6.95%$0.538103
3.56%$0.254522
7.67%$8.17
6.10%$0.813588
3.52%$24.82
6.19%$0.0386841
5.72%$9.31
18.48%$4.65
10.99%$0.744184
5.90%$0.904456
4.84%$30.89
6.48%$0.03938998
4.97%$0.02931893
5.27%$9.76
18.93%$0.280521
11.27%$5.31
5.61%$3.55
8.42%$21.15
8.55%$0.519948
19.95%$0.783424
5.27%$0.905031
6.72%$32.48
8.57%$46.62
7.66%$34.32
17.89%$0.0328237
3.47%$0.36336
13.95%$0.00000082
50.96%$3,839.67
19.44%$0.00406301
7.57%$79.34
16.36%$0.903218
2.27%$120.68
4.07%$45.75
10.81%$0.962741
7.04%$2.62
3.86%$0.00093818
29.13%$0.36406
8.79%$0.328441
7.09%$0.378601
10.95%$0.430733
13.12%$3.60
2.86%$2.02
0.04%$0.351176
14.87%Cardano founder Charles Hoskinson took a swipe at Terra founder Do Kwon as the price of Terra’s Terra (LUNA) token crashed to $24 and the TerraUSD (UST) stablecoin depegged to $0.70 yesterday, before recovering.
"Should I buy some Luna for negative correlation?" Hoskinson tweeted.
Hoskinson quoted an earlier tweet from Do Kwon, who said: "We may buy $ADA for negative correlation."
Should I buy some Luna for negative correlation? https://t.co/iFeHJTSudM
— Charles Hoskinson (@IOHK_Charles) May 10, 2022
Negative correlation?
A negative correlation is when two assets—in this case, ADA and LUNA—move in opposite directions at the same time. So if LUNA goes down, ADA goes up, and vice versa.
LUNA and UST are the native cryptocurrencies of the Terra network. As of this writing, LUNA is down 40.43% to $31.18 in the last 24 hours, according to CoinMarketCap.com. In contrast, ADA, the cryptocurrency of the Cardano network, is up 3.97% to $.67 in the last 24 hours.
As broader financial markets have declined recently, so too have major cryptocurrencies. Currently, most Bitcoin holders are underwater, as the top cryptocurrency by market capitalization continues spiraling from an all-time high of $68,789.63 in November.