Beeswap is a new project that got started recently. It would be worth the while to pay attention to its native token BXT's price trajectory. I personally think that Beeswap has great potential, given that the Hive ecosystem is growing.
After crunching some limited historical data from the Hive-Engine API, it does appear that the price of BXT and HIVE is quite strongly correlated. The correlation is estimated at 0.8 (where 1 is perfect correlation, and 0 is no correlation). The figure below shows the correlation.
The price trajectory also shows a close coupling between BXT and HIVE price so far.
From 15 Nov onwards, we can see the rise of both tokens, and then a dip together after HIVE hits $3. It must be some kind of market reaction. Bearing in mind some of us had gotten free BXT tokens through their generous airdrop.
Now that the dust had settled, would we see the red line (BXT) price climbing up?
That is what I will be watching closely.
P/S: Of course, this is derived from a limited set of data. So do take it with a pinch of salt. Do your own research before investing. This is not financial advice!