Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.9541554 |
details, prediction |
Cardano
ADA
|
0.946178 |
details, prediction |
KuCoin Shares
KCS
|
0.9245009 |
details, prediction |
Crypto.com Chain
CRO
|
0.90998495 |
details, prediction |
Bitcoin Cash
BCH
|
0.9012675 |
details, prediction |
|
Second tier
|
Decentraland
MANA
|
0.98624873 |
details, prediction |
Status
SNT
|
0.973887 |
details, prediction |
Horizen
ZEN
|
0.9738459 |
details, prediction |
FTX Token
FTT
|
0.9729384 |
details, prediction |
Synthetix Network Token
SNX
|
0.9702848 |
details, prediction |
|
Third tier
|
Civic
CVC
|
0.9855812 |
details, prediction |
Lisk
LSK
|
0.97857636 |
details, prediction |
ICON
ICX
|
0.9726691 |
details, prediction |
Power Ledger
POWR
|
0.97164357 |
details, prediction |
SwftCoin
SWFTC
|
0.9695027 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Basic Attention Token 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 Basic Attention Token
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.72797865 |
details, prediction |
UNUS SED LEO
LEO
|
0.211858 |
details, prediction |
ZCash
ZEC
|
0.39562368 |
details, prediction |
Binance Coin
BNB
|
0.65278023 |
details, prediction |
Bitcoin
BTC
|
0.6708942 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.34103936 |
details, prediction |
Decred
DCR
|
-0.19082487 |
details, prediction |
True USD
TUSD
|
0.11640189 |
details, prediction |
Algorand
ALGO
|
0.4185953 |
details, prediction |
Nexo
NEXO
|
0.42609185 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.36248815 |
details, prediction |
OPEN Platform
OPEN
|
-0.22103769 |
details, prediction |
Enjin Coin
ENJ
|
-0.14179292 |
details, prediction |
HEROcoin
PLAY
|
-0.1039404 |
details, prediction |
Dent
DENT
|
0.16474372 |
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)