Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.7448709 |
details, prediction |
Cardano
ADA
|
0.64355636 |
details, prediction |
KuCoin Shares
KCS
|
0.60619706 |
details, prediction |
XRP
XRP
|
0.37864158 |
details, prediction |
Ethereum Classic
ETC
|
0.37401062 |
details, prediction |
|
Second tier
|
Zilliqa
ZIL
|
0.9555402 |
details, prediction |
Decentraland
MANA
|
0.9232056 |
details, prediction |
Vechain
VET
|
0.8919477 |
details, prediction |
Waves
WAVES
|
0.84844106 |
details, prediction |
Siacoin
SC
|
0.8454513 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.90572256 |
details, prediction |
Internet of Services
IOST
|
0.87605697 |
details, prediction |
ARK
ARK
|
0.87508875 |
details, prediction |
ICON
ICX
|
0.86481327 |
details, prediction |
Civic
CVC
|
0.8598997 |
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
|
-0.72672147 |
details, prediction |
TRON
TRX
|
-0.5173768 |
details, prediction |
Ethereum
ETH
|
-0.31407088 |
details, prediction |
Bitcoin
BTC
|
-0.11207901 |
details, prediction |
Stellar
XLM
|
-0.03338228 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.17572433 |
details, prediction |
Dai
DAI
|
-0.12864225 |
details, prediction |
Bitcoin SV
BSV
|
-0.11284589 |
details, prediction |
USD//Coin
USDC
|
-0.073153146 |
details, prediction |
Algorand
ALGO
|
-0.06601825 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.6068956 |
details, prediction |
Ontology
ONT
|
-0.40502104 |
details, prediction |
Steem
STEEM
|
-0.309283 |
details, prediction |
Constellation
DAG
|
-0.23000593 |
details, prediction |
NKN
NKN
|
-0.225711 |
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)