Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Monero
XMR
|
0.8744865 |
details, prediction |
Stellar
XLM
|
0.86168826 |
details, prediction |
ZCash
ZEC
|
0.8560054 |
details, prediction |
Bitcoin
BTC
|
0.85543734 |
details, prediction |
Cardano
ADA
|
0.8549271 |
details, prediction |
|
Second tier
|
Request Network
REQ
|
0.98474336 |
details, prediction |
Bitcoin Gold
BTG
|
0.9719193 |
details, prediction |
Synthetix Network Token
SNX
|
0.9706984 |
details, prediction |
Nexo
NEXO
|
0.97042465 |
details, prediction |
Theta Fuel
TFUEL
|
0.9660664 |
details, prediction |
|
Third tier
|
PIVX
PIVX
|
0.9656484 |
details, prediction |
Bancor
BNT
|
0.9652197 |
details, prediction |
Lisk
LSK
|
0.96312886 |
details, prediction |
Metal
MTL
|
0.9609771 |
details, prediction |
Internet of Services
IOST
|
0.96078664 |
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
|
-0.2475152 |
details, prediction |
Binance Coin
BNB
|
-0.16448544 |
details, prediction |
Dogecoin
DOGE
|
0.38203853 |
details, prediction |
XRP
XRP
|
0.5124089 |
details, prediction |
KuCoin Shares
KCS
|
0.7084431 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.37461817 |
details, prediction |
True USD
TUSD
|
-0.18958813 |
details, prediction |
Zilliqa
ZIL
|
-0.033002116 |
details, prediction |
Ardor
ARDR
|
0.28713328 |
details, prediction |
Verge
XVG
|
0.33695945 |
details, prediction |
|
Third tier
|
Constellation
DAG
|
-0.6598549 |
details, prediction |
HEROcoin
PLAY
|
-0.54842126 |
details, prediction |
Dero
DERO
|
-0.03191586 |
details, prediction |
BOScoin
BOS
|
0.14731663 |
details, prediction |
OPEN Platform
OPEN
|
0.54636794 |
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)