Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.79134 |
details, prediction |
Ethereum Classic
ETC
|
0.4323431 |
details, prediction |
Dogecoin
DOGE
|
0.38109073 |
details, prediction |
KuCoin Shares
KCS
|
0.2777011 |
details, prediction |
Bitcoin Cash
BCH
|
-0.036133945 |
details, prediction |
|
Second tier
|
Telcoin
TEL
|
0.93815243 |
details, prediction |
Zilliqa
ZIL
|
0.9372494 |
details, prediction |
Waves
WAVES
|
0.9084448 |
details, prediction |
Chiliz
CHZ
|
0.87510425 |
details, prediction |
Ravencoin
RVN
|
0.86653566 |
details, prediction |
|
Third tier
|
SwftCoin
SWFTC
|
0.9293778 |
details, prediction |
Civic
CVC
|
0.9059189 |
details, prediction |
PIVX
PIVX
|
0.887496 |
details, prediction |
Enjin Coin
ENJ
|
0.88547987 |
details, prediction |
Storj
STORJ
|
0.85576814 |
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
|
-0.60167253 |
details, prediction |
Ethereum
ETH
|
-0.5537055 |
details, prediction |
ChainLink
LINK
|
-0.52251524 |
details, prediction |
Cardano
ADA
|
-0.48335645 |
details, prediction |
Binance Coin
BNB
|
-0.3779109 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
-0.8225038 |
details, prediction |
Bitcoin SV
BSV
|
-0.583694 |
details, prediction |
Decred
DCR
|
-0.56941265 |
details, prediction |
HoloToken
HOT
|
-0.3252921 |
details, prediction |
Dai
DAI
|
-0.3071033 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.762797 |
details, prediction |
NKN
NKN
|
-0.39708295 |
details, prediction |
Hydro Protocol
HOT
|
-0.32642975 |
details, prediction |
Dent
DENT
|
-0.23628764 |
details, prediction |
AdEx
ADX
|
-0.2268755 |
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)