Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Stellar
XLM
|
0.639793 |
details, prediction |
Crypto.com Chain
CRO
|
0.63846546 |
details, prediction |
Bitcoin
BTC
|
0.63100135 |
details, prediction |
Cardano
ADA
|
0.58873725 |
details, prediction |
NEO
NEO
|
0.5439616 |
details, prediction |
Second tier
|
Loopring
LRC
|
0.68299884 |
details, prediction |
Internet of Services
IOST
|
0.6634167 |
details, prediction |
Metal
MTL
|
0.63798875 |
details, prediction |
Algorand
ALGO
|
0.6251065 |
details, prediction |
Ocean Protocol
OCEAN
|
0.6064604 |
details, prediction |
Third tier
|
Kambria
KAT
|
0.9122482 |
details, prediction |
0chain
ZCN
|
0.809374 |
details, prediction |
BOX Token
BOX
|
0.76179606 |
details, prediction |
Kleros
PNK
|
0.7601884 |
details, prediction |
Everipedia
IQ
|
0.75697803 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that BANCA 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 BANCA
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
SONM
SNM
|
-0.47925624 |
details, prediction |
Cosmos
ATOM
|
-0.3096474 |
details, prediction |
EOS
EOS
|
-0.28173393 |
details, prediction |
Chiliz
CHZ
|
-0.26310003 |
details, prediction |
Matic Network
MATIC
|
-0.039191615 |
details, prediction |
Second tier
|
Ravencoin
RVN
|
-0.24635465 |
details, prediction |
Loom Network
LOOM
|
-0.21478999 |
details, prediction |
Kyber Network
KNC
|
-0.19566385 |
details, prediction |
Dai
DAI
|
-0.019428633 |
details, prediction |
True USD
TUSD
|
-0.017683132 |
details, prediction |
Third tier
|
PutinCoin
PUTIN
|
-0.68514156 |
details, prediction |
Red Pulse Phoenix
PHX
|
-0.63883907 |
details, prediction |
QLINK
QLC
|
-0.48000166 |
details, prediction |
CoinDash
CDT
|
-0.4702699 |
details, prediction |
DimeCoin
DIME
|
-0.44857123 |
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)