There's a lot of correlation between them as they're all riding the same "cryptocurrency" wave. In fact I think you could turn that into a partial numerical me

There's a lot of correlation between them as they're all riding the same "cryptocurrency" wave. In fact I think you could turn that into a partial numerical measure of the crypto market. In a mature market where "cryptocurrenciness" is mostly just a fact of life, they ought to be less correlated as they have independent lives of some sort. (They'll never be completely uncorrelated, of course, since the whole market is correlated to some degree.) Right now it's still enough of a novelty that the mere fact of cryptocurrenciness is a big percentage of the appeal of a given cryptocurrency.