Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
SONM
SNM
|
0.08389048 |
details, prediction |
Fantom
FTM
|
0.06650263 |
details, prediction |
Matic Network
MATIC
|
0.019707676 |
details, prediction |
UNUS SED LEO
LEO
|
-0.028834745 |
details, prediction |
ZCash
ZEC
|
-0.030690856 |
details, prediction |
|
Second tier
|
Paxos Standard
PAX
|
0.22633463 |
details, prediction |
Dai
DAI
|
0.22600922 |
details, prediction |
USD//Coin
USDC
|
0.17953083 |
details, prediction |
Synthetix Network Token
SNX
|
0.11249437 |
details, prediction |
Verge
XVG
|
0.11196324 |
details, prediction |
|
Third tier
|
SyncFab
MFG
|
0.8758614 |
details, prediction |
DubaiCoin
DBIX
|
0.7605585 |
details, prediction |
Morpheus Network
MORPH
|
0.73295957 |
details, prediction |
Dether
DTH
|
0.6562357 |
details, prediction |
STASIS EURS
EURS
|
0.40446734 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Bingo price can be leaded by other, more mighty cryptocurrency, or maybe some market trend have affect on it.
It can be confidently asserted that any crypto currency has a significant dependence on the market as a whole and, in particular, the top 3 currencies -
Bitcoin,
Ethereum and
Ripple, so the prediction of their prices will affect the price of Bingo
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.26926184 |
details, prediction |
Bitcoin Cash
BCH
|
-0.17832513 |
details, prediction |
Monero
XMR
|
-0.17162403 |
details, prediction |
Bitcoin
BTC
|
-0.16529122 |
details, prediction |
Cardano
ADA
|
-0.16241032 |
details, prediction |
|
Second tier
|
Decentraland
MANA
|
-0.3680239 |
details, prediction |
aelf
ELF
|
-0.22937182 |
details, prediction |
FirstBlood
1ST
|
-0.22013786 |
details, prediction |
Huobi Token
HT
|
-0.19311355 |
details, prediction |
EOS
EOS
|
-0.16898964 |
details, prediction |
|
Third tier
|
Rialto
XRL
|
-0.6698835 |
details, prediction |
Electra
ECA
|
-0.37801763 |
details, prediction |
Upfiring
UFR
|
-0.35594812 |
details, prediction |
Gas
GAS
|
-0.33659935 |
details, prediction |
Kleros
PNK
|
-0.33580723 |
details, prediction |
This report should be leaned to build highly diversified portfolio.
It makes sense to mention that a low correlation in this case includes not only coins whose movements are not statistically related but, on the contrary, move in opposite directions (in the case of a negative value of the parameter)