Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.8677302 |
details, prediction |
Cardano
ADA
|
0.8541101 |
details, prediction |
XRP
XRP
|
0.8450695 |
details, prediction |
Binance Coin
BNB
|
0.843278 |
details, prediction |
Ethereum Classic
ETC
|
0.84021574 |
details, prediction |
|
Second tier
|
IOTA
IOT
|
0.9421647 |
details, prediction |
Algorand
ALGO
|
0.93063504 |
details, prediction |
iEx.ec
RLC
|
0.9278429 |
details, prediction |
Siacoin
SC
|
0.893084 |
details, prediction |
Zilliqa
ZIL
|
0.88842636 |
details, prediction |
|
Third tier
|
IoTeX
IOTX
|
0.9082196 |
details, prediction |
Internet of Services
IOST
|
0.8901182 |
details, prediction |
SwftCoin
SWFTC
|
0.8807355 |
details, prediction |
QuarkChain
QKC
|
0.8779893 |
details, prediction |
Civic
CVC
|
0.87722856 |
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
|
Stellar
XLM
|
-0.20642701 |
details, prediction |
ZCash
ZEC
|
0.0075846645 |
details, prediction |
TRON
TRX
|
0.05565234 |
details, prediction |
Monero
XMR
|
0.70424795 |
details, prediction |
Ethereum
ETH
|
0.71176046 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.8192819 |
details, prediction |
True USD
TUSD
|
-0.7136252 |
details, prediction |
Dai
DAI
|
-0.6503026 |
details, prediction |
Telcoin
TEL
|
0.3059364 |
details, prediction |
OriginTrail
TRAC
|
0.37354612 |
details, prediction |
|
Third tier
|
Matrix AI Network
MAN
|
-0.2597619 |
details, prediction |
Propy
PRO
|
-0.23387778 |
details, prediction |
V Systems
VSYS
|
-0.17881857 |
details, prediction |
Phantasma
SOUL
|
-0.04430761 |
details, prediction |
NKN
NKN
|
0.13468133 |
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)