Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.6952595 |
details, prediction |
Crypto.com Chain
CRO
|
0.6728079 |
details, prediction |
Bitcoin Cash
BCH
|
0.66474116 |
details, prediction |
Litecoin
LTC
|
0.3434347 |
details, prediction |
XRP
XRP
|
0.23717912 |
details, prediction |
|
Second tier
|
Decred
DCR
|
0.8508822 |
details, prediction |
Verge
XVG
|
0.8215105 |
details, prediction |
Bitcoin Gold
BTG
|
0.8001773 |
details, prediction |
Waves
WAVES
|
0.743726 |
details, prediction |
Theta Fuel
TFUEL
|
0.7381 |
details, prediction |
|
Third tier
|
LAToken
LA
|
0.92187226 |
details, prediction |
Dent
DENT
|
0.8313753 |
details, prediction |
IoTeX
IOTX
|
0.8142539 |
details, prediction |
SysCoin
SYS
|
0.80903655 |
details, prediction |
PIVX
PIVX
|
0.78875834 |
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
|
-0.82032645 |
details, prediction |
ZCash
ZEC
|
-0.80865955 |
details, prediction |
Dogecoin
DOGE
|
-0.5739864 |
details, prediction |
Monero
XMR
|
-0.55083215 |
details, prediction |
Bitcoin
BTC
|
-0.53872436 |
details, prediction |
|
Second tier
|
DASH
DASH
|
-0.7066308 |
details, prediction |
FTX Token
FTT
|
-0.6155155 |
details, prediction |
Cosmos
ATOM
|
-0.56733733 |
details, prediction |
Algorand
ALGO
|
-0.5263577 |
details, prediction |
iEx.ec
RLC
|
-0.5205349 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.64618784 |
details, prediction |
Bancor
BNT
|
-0.60207313 |
details, prediction |
Enjin Coin
ENJ
|
-0.5862745 |
details, prediction |
Storj
STORJ
|
-0.53739566 |
details, prediction |
OPEN Platform
OPEN
|
-0.5309915 |
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)