Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.50169355 |
details, prediction |
Monero
XMR
|
0.45351264 |
details, prediction |
Crypto.com Chain
CRO
|
0.4391862 |
details, prediction |
Bitcoin
BTC
|
0.43670404 |
details, prediction |
Litecoin
LTC
|
0.41369677 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
0.58742243 |
details, prediction |
Decred
DCR
|
0.5232028 |
details, prediction |
Telcoin
TEL
|
0.51363903 |
details, prediction |
Nexo
NEXO
|
0.5134422 |
details, prediction |
Synthetix Network Token
SNX
|
0.49986115 |
details, prediction |
|
Third tier
|
Streamr DATAcoin
DATA
|
0.8887016 |
details, prediction |
NEM
XEM
|
0.68978673 |
details, prediction |
Matrix AI Network
MAN
|
0.677582 |
details, prediction |
Kambria
KAT
|
0.6435361 |
details, prediction |
Dent
DENT
|
0.58732367 |
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
|
-0.58092344 |
details, prediction |
ZCash
ZEC
|
0.11409585 |
details, prediction |
UNUS SED LEO
LEO
|
0.15257333 |
details, prediction |
KuCoin Shares
KCS
|
0.17903897 |
details, prediction |
Binance Coin
BNB
|
0.18401527 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.35529864 |
details, prediction |
True USD
TUSD
|
-0.22423302 |
details, prediction |
Algorand
ALGO
|
0.06823661 |
details, prediction |
Ravencoin
RVN
|
0.24321933 |
details, prediction |
Zilliqa
ZIL
|
0.275695 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.5567982 |
details, prediction |
OPEN Platform
OPEN
|
-0.29896826 |
details, prediction |
HEROcoin
PLAY
|
-0.2582546 |
details, prediction |
NKN
NKN
|
-0.23361634 |
details, prediction |
Gas
GAS
|
0.081981026 |
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)