Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.8771161 |
details, prediction |
Ethereum Classic
ETC
|
0.8602429 |
details, prediction |
XRP
XRP
|
0.85120153 |
details, prediction |
KuCoin Shares
KCS
|
0.7428459 |
details, prediction |
Bitcoin Cash
BCH
|
0.7069804 |
details, prediction |
|
Second tier
|
Siacoin
SC
|
0.93559414 |
details, prediction |
IOTA
IOT
|
0.9217453 |
details, prediction |
Zilliqa
ZIL
|
0.91504544 |
details, prediction |
iEx.ec
RLC
|
0.88960236 |
details, prediction |
Ravencoin
RVN
|
0.88622606 |
details, prediction |
|
Third tier
|
SingularityNET
AGI
|
0.9279225 |
details, prediction |
Stox
STX
|
0.91985434 |
details, prediction |
SwftCoin
SWFTC
|
0.9113662 |
details, prediction |
PIVX
PIVX
|
0.90236086 |
details, prediction |
Internet of Services
IOST
|
0.8971174 |
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
|
Monero
XMR
|
0.17490998 |
details, prediction |
Stellar
XLM
|
0.21073943 |
details, prediction |
TRON
TRX
|
0.285153 |
details, prediction |
ZCash
ZEC
|
0.36303565 |
details, prediction |
Ethereum
ETH
|
0.40330946 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.6150967 |
details, prediction |
USD//Coin
USDC
|
-0.47798294 |
details, prediction |
DigiByte
DGB
|
-0.27855387 |
details, prediction |
True USD
TUSD
|
-0.08169769 |
details, prediction |
Bitcoin SV
BSV
|
0.36930576 |
details, prediction |
|
Third tier
|
Propy
PRO
|
-0.31205767 |
details, prediction |
NKN
NKN
|
-0.24030612 |
details, prediction |
V Systems
VSYS
|
-0.2232949 |
details, prediction |
Phantasma
SOUL
|
-0.018486418 |
details, prediction |
Matrix AI Network
MAN
|
-0.012193421 |
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)