Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.67161727 |
details, prediction |
Ethereum Classic
ETC
|
0.6275724 |
details, prediction |
Stellar
XLM
|
0.61621875 |
details, prediction |
KuCoin Shares
KCS
|
0.5502601 |
details, prediction |
XRP
XRP
|
0.35489482 |
details, prediction |
|
Second tier
|
Chiliz
CHZ
|
0.77270603 |
details, prediction |
FTX Token
FTT
|
0.72149444 |
details, prediction |
Algorand
ALGO
|
0.6950877 |
details, prediction |
Verge
XVG
|
0.6887273 |
details, prediction |
Telcoin
TEL
|
0.6821832 |
details, prediction |
|
Third tier
|
ICON
ICX
|
0.8184848 |
details, prediction |
Metal
MTL
|
0.80264837 |
details, prediction |
Internet of Services
IOST
|
0.7664275 |
details, prediction |
SingularityNET
AGI
|
0.75580215 |
details, prediction |
Enjin Coin
ENJ
|
0.73142946 |
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
|
Ethereum
ETH
|
-0.71049714 |
details, prediction |
Monero
XMR
|
-0.69333035 |
details, prediction |
ChainLink
LINK
|
-0.67248595 |
details, prediction |
TRON
TRX
|
-0.5569 |
details, prediction |
ZCash
ZEC
|
-0.54697376 |
details, prediction |
|
Second tier
|
Bitcoin SV
BSV
|
-0.6464202 |
details, prediction |
DigiByte
DGB
|
-0.6349869 |
details, prediction |
Decred
DCR
|
-0.56743264 |
details, prediction |
HoloToken
HOT
|
-0.47423324 |
details, prediction |
Bitcoin Gold
BTG
|
-0.3231449 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.6838534 |
details, prediction |
NKN
NKN
|
-0.6733086 |
details, prediction |
Constellation
DAG
|
-0.6703263 |
details, prediction |
Hydro Protocol
HOT
|
-0.49028042 |
details, prediction |
Phantasma
SOUL
|
-0.2345751 |
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)