Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
0.64724785 |
details, prediction |
Binance Coin
BNB
|
0.6301918 |
details, prediction |
Bitcoin
BTC
|
0.619095 |
details, prediction |
Dogecoin
DOGE
|
0.58100915 |
details, prediction |
Ethereum Classic
ETC
|
0.57967067 |
details, prediction |
|
Second tier
|
iEx.ec
RLC
|
0.77272123 |
details, prediction |
Horizen
ZEN
|
0.66615224 |
details, prediction |
0x
ZRX
|
0.65012676 |
details, prediction |
Theta
THETA
|
0.64734256 |
details, prediction |
IOTA
IOT
|
0.6437415 |
details, prediction |
|
Third tier
|
Bancor
BNT
|
0.6421421 |
details, prediction |
Power Ledger
POWR
|
0.54199415 |
details, prediction |
Civic
CVC
|
0.5408352 |
details, prediction |
ARK
ARK
|
0.51904446 |
details, prediction |
Stox
STX
|
0.51422346 |
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
|
UNUS SED LEO
LEO
|
-0.15733054 |
details, prediction |
TRON
TRX
|
0.09535598 |
details, prediction |
Stellar
XLM
|
0.24074411 |
details, prediction |
Bitcoin Cash
BCH
|
0.26497206 |
details, prediction |
Crypto.com Chain
CRO
|
0.3001036 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.4920563 |
details, prediction |
USD//Coin
USDC
|
-0.44592157 |
details, prediction |
Ardor
ARDR
|
-0.10337696 |
details, prediction |
True USD
TUSD
|
-0.081649944 |
details, prediction |
Verge
XVG
|
0.035860308 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
-0.3844767 |
details, prediction |
Dent
DENT
|
-0.11316336 |
details, prediction |
BABB
BAX
|
-0.07218793 |
details, prediction |
NKN
NKN
|
-0.03945148 |
details, prediction |
Wanchain
WAN
|
0.013247001 |
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)