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PLUME Volatility & Bitcoin Correlation: 8.1% Daily Range, Beta 1.81 to Bitcoin

How PLUME moves day to day and against Bitcoin, measured from 30 days of hourly prices and updated every morning.

Price
$0.01381
+4.9% 24h · +3.6% 7d
Daily range
8.1%
last day 10.6%
Beta to Bitcoin
1.81
correlation 0.66
Perp volume
$4M
a day · #119 by volume
Daily closes, last 30 days

How PLUME moves

On a typical day PLUME moves 8.1% from its low to its high (the median over 30 days), more than 73% of the 200 most-traded coins.

When Bitcoin moves 1% in an hour, PLUME moves about 1.81% in the same direction on average (beta 1.81). Its correlation with Bitcoin is 0.66: it follows Bitcoin loosely. Bitcoin explains part of its moves; much of the rest is its own news and flows.

Like almost every coin, it absorbs Bitcoin's moves within the same hour; there is no measurable one-hour lag.

On its last full day it moved 10.6% from low to high, 1.3× its usual range and traded 1.1× its usual perpetual volume.

In the last 30 days it had no hours with a move of 5% or more, and its busiest hours were 15:00, 22:00, 14:00 UTC.

It last traded 35.3% below its 30-day high and 12.8% above its 30-day low.

How these numbers are measured

Prices are Binance spot hourly closes for PLUMEUSDT over the last 30 full days. Daily range is the median distance from a day's low to its high. Beta is how far PLUME moved, on average, for each 1% Bitcoin moved in the same hour; correlation is how consistently it moved with Bitcoin. Jumps are hours with a move of 5% or more; the busiest hours (15:00, 22:00, 14:00 UTC here) have the largest average move. Volume is the 7-day median on Binance USDT perpetuals.

These describe how PLUME has moved, not where it will go. The same numbers for all 200 coins, sortable, and the daily watchlist with its public record are on the day trading screener.

FAQ

Does PLUME follow Bitcoin?

Partly: over the last 30 days of hourly prices its correlation with Bitcoin was 0.66 and its beta 1.81, so a 1% Bitcoin move came with about 1.81% in PLUME on average.

How volatile is PLUME?

Its median daily range over 30 days was 8.1% from low to high, more than 73% of the most-traded coins. It had no hourly moves of 5% or more in that time.

What time of day does PLUME move the most?

Over the last 30 days its largest average hourly moves came at 15:00, 22:00, 14:00 UTC.

Is PLUME liquid enough for day trading?

PLUME trades about $4M a day on Binance USDT perpetuals (median of 7 days), #119 among the coins we screen. Above $10 million a day is the minimum we use for the daily watchlist.

Coins that move like PLUME