Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Maker
MKR
|
0.36254704 |
details, prediction |
KuCoin Shares
KCS
|
-0.3090847 |
details, prediction |
SONM
SNM
|
-0.33739015 |
details, prediction |
TRON
TRX
|
-0.4146984 |
details, prediction |
XRP
XRP
|
-0.43920428 |
details, prediction |
|
Second tier
|
Quant Network
QNT
|
0.9108104 |
details, prediction |
XYO Network
XYO
|
0.83582467 |
details, prediction |
Waves
WAVES
|
0.5706673 |
details, prediction |
Ethos (Bitquence)
BQX
|
0.46943384 |
details, prediction |
Theta
THETA
|
0.30839503 |
details, prediction |
|
Third tier
|
Tidex Token
TDX
|
0.93654376 |
details, prediction |
LockChain
LOC
|
0.9076876 |
details, prediction |
Electroneum
ETN
|
0.88766855 |
details, prediction |
Linkey
LKY
|
0.88658106 |
details, prediction |
Bulwark
BWK
|
0.88281494 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Block Array 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 Block Array
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Binance Coin
BNB
|
-0.8753627 |
details, prediction |
Bitcoin
BTC
|
-0.8710747 |
details, prediction |
Monero
XMR
|
-0.84265274 |
details, prediction |
Bitcoin Cash
BCH
|
-0.8419478 |
details, prediction |
Litecoin
LTC
|
-0.79851854 |
details, prediction |
|
Second tier
|
Tezos
XTZ
|
-0.86200964 |
details, prediction |
Digix DAO
DGD
|
-0.86055654 |
details, prediction |
Horizen
ZEN
|
-0.85662943 |
details, prediction |
Bitcoin Gold
BTG
|
-0.8548395 |
details, prediction |
Decred
DCR
|
-0.8262095 |
details, prediction |
|
Third tier
|
CLAMS
CLAM
|
-0.8960339 |
details, prediction |
Curecoin
CURE
|
-0.8810363 |
details, prediction |
Santiment
SAN
|
-0.872343 |
details, prediction |
ArcBlock
ABT
|
-0.8678365 |
details, prediction |
Bread
BRD
|
-0.8505615 |
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)