Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.6938055 |
details, prediction |
XRP
XRP
|
0.586135 |
details, prediction |
KuCoin Shares
KCS
|
0.57555336 |
details, prediction |
Ethereum Classic
ETC
|
0.53202754 |
details, prediction |
Bitcoin Cash
BCH
|
0.53049463 |
details, prediction |
|
Second tier
|
Cosmos
ATOM
|
0.75832325 |
details, prediction |
Chiliz
CHZ
|
0.7254213 |
details, prediction |
Verge
XVG
|
0.70929134 |
details, prediction |
FTX Token
FTT
|
0.7028355 |
details, prediction |
Ardor
ARDR
|
0.6982718 |
details, prediction |
|
Third tier
|
Metal
MTL
|
0.8477415 |
details, prediction |
OPEN Platform
OPEN
|
0.8386878 |
details, prediction |
IoTeX
IOTX
|
0.75052387 |
details, prediction |
ICON
ICX
|
0.7499713 |
details, prediction |
QuarkChain
QKC
|
0.74093956 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that BABB 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 BABB
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.6535433 |
details, prediction |
ZCash
ZEC
|
-0.61421597 |
details, prediction |
Stellar
XLM
|
-0.07557932 |
details, prediction |
ChainLink
LINK
|
0.12649496 |
details, prediction |
Monero
XMR
|
0.21759087 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.737597 |
details, prediction |
Dai
DAI
|
-0.6426705 |
details, prediction |
True USD
TUSD
|
-0.46102485 |
details, prediction |
DigiByte
DGB
|
-0.05839257 |
details, prediction |
Bitcoin SV
BSV
|
0.07825605 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.83233505 |
details, prediction |
Propy
PRO
|
-0.46358317 |
details, prediction |
Dero
DERO
|
-0.430063 |
details, prediction |
Constellation
DAG
|
-0.32405487 |
details, prediction |
Matrix AI Network
MAN
|
-0.30642956 |
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)