Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
0.77468896 |
details, prediction |
Bitcoin Cash
BCH
|
0.7377806 |
details, prediction |
Cardano
ADA
|
0.6682864 |
details, prediction |
Litecoin
LTC
|
0.59617615 |
details, prediction |
XRP
XRP
|
0.5819423 |
details, prediction |
|
Second tier
|
Verge
XVG
|
0.87009 |
details, prediction |
Decred
DCR
|
0.8660477 |
details, prediction |
Bitcoin Gold
BTG
|
0.7817888 |
details, prediction |
Theta Fuel
TFUEL
|
0.76661247 |
details, prediction |
DigiByte
DGB
|
0.74754316 |
details, prediction |
|
Third tier
|
Dent
DENT
|
0.8933739 |
details, prediction |
SysCoin
SYS
|
0.85930413 |
details, prediction |
PIVX
PIVX
|
0.84654844 |
details, prediction |
LAToken
LA
|
0.837354 |
details, prediction |
SingularityNET
AGI
|
0.8280478 |
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
|
ZCash
ZEC
|
-0.83137083 |
details, prediction |
TRON
TRX
|
-0.77744967 |
details, prediction |
Stellar
XLM
|
-0.5113977 |
details, prediction |
Binance Coin
BNB
|
-0.16122955 |
details, prediction |
Monero
XMR
|
-0.14203851 |
details, prediction |
|
Second tier
|
OriginTrail
TRAC
|
-0.60958153 |
details, prediction |
DASH
DASH
|
-0.6039035 |
details, prediction |
True USD
TUSD
|
-0.41788912 |
details, prediction |
USD//Coin
USDC
|
-0.3925107 |
details, prediction |
Telcoin
TEL
|
-0.34485975 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.5881669 |
details, prediction |
HEROcoin
PLAY
|
-0.54988235 |
details, prediction |
OPEN Platform
OPEN
|
-0.43484557 |
details, prediction |
Enjin Coin
ENJ
|
-0.38750273 |
details, prediction |
Bancor
BNT
|
-0.12910894 |
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)