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 |
ZCash
ZEC
|
0.56082654 |
details, prediction |
|
Second tier
|
Loopring
LRC
|
0.68299884 |
details, prediction |
Algorand
ALGO
|
0.6251065 |
details, prediction |
Ocean Protocol
OCEAN
|
0.6064604 |
details, prediction |
Telcoin
TEL
|
0.57678545 |
details, prediction |
Decentraland
MANA
|
0.5687609 |
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 |
Matic Network
MATIC
|
-0.039191615 |
details, prediction |
UNUS SED LEO
LEO
|
-0.024492163 |
details, prediction |
Ethereum Classic
ETC
|
-0.01215073 |
details, prediction |
Litecoin
LTC
|
0.07334364 |
details, prediction |
|
Second tier
|
Cosmos
ATOM
|
-0.3096474 |
details, prediction |
EOS
EOS
|
-0.28173393 |
details, prediction |
Chiliz
CHZ
|
-0.26310003 |
details, prediction |
Ravencoin
RVN
|
-0.24635465 |
details, prediction |
Dai
DAI
|
-0.019428633 |
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 |
OAX
OAX
|
-0.406677 |
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)