Ethereum NFT, nft collection, NFT market

Isai Alexei

NFT Market Correlations

NFT Market Correlations: 90 Collections Show Weak Links

NFT market correlations among Ethereum collections are weaker than correlations in cryptocurrency, stock and Forex markets, and they deviate from pure noise, according to a study by Marcin Wątorek, Paweł Szydło, Jarosław Kwapień and Stanisław Drożdż, posted in April 2024. The authors apply random matrix theory, detrended cross-correlation coefficients and minimal spanning trees to 90 ...