Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
NEO
NEO
|
0.4564325 |
details, prediction |
Tezos
XTZ
|
0.3655736 |
details, prediction |
XRP
XRP
|
0.33093882 |
details, prediction |
Bitcoin SV
BSV
|
0.28112954 |
details, prediction |
Crypto.com Chain
CRO
|
0.26820433 |
details, prediction |
Second tier
|
Enjin Coin
ENJ
|
0.48531994 |
details, prediction |
Bytom
BTM
|
0.47991732 |
details, prediction |
Ontology
ONT
|
0.4705138 |
details, prediction |
Komodo
KMD
|
0.41355622 |
details, prediction |
OmiseGo
OMG
|
0.40568677 |
details, prediction |
Third tier
|
TrueChain
TRUE
|
0.644246 |
details, prediction |
MOAC
MOAC
|
0.6299853 |
details, prediction |
Constellation
DAG
|
0.62873703 |
details, prediction |
WaykiChain
WICC
|
0.5959345 |
details, prediction |
Unibright
UBT
|
0.5719392 |
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
|
Binance Coin
BNB
|
-0.3152443 |
details, prediction |
Theta
THETA
|
-0.28510794 |
details, prediction |
Bitcoin Cash
BCH
|
-0.24886645 |
details, prediction |
Bitcoin
BTC
|
-0.23785247 |
details, prediction |
Litecoin
LTC
|
-0.20778693 |
details, prediction |
Second tier
|
Theta Fuel
TFUEL
|
-0.2635585 |
details, prediction |
SwissBorg
CHSB
|
-0.25469387 |
details, prediction |
Zilliqa
ZIL
|
-0.23716795 |
details, prediction |
RSK Infrastructure Framework
RIF
|
-0.23263809 |
details, prediction |
Chiliz
CHZ
|
-0.2207485 |
details, prediction |
Third tier
|
NAGA
NGC
|
-0.45395157 |
details, prediction |
Docademic
MTC
|
-0.44943768 |
details, prediction |
DT Token
DRACO
|
-0.39964345 |
details, prediction |
Crypterium
CRPT
|
-0.39704642 |
details, prediction |
Ionomy
ION
|
-0.392577 |
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)