Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.52113825 |
details, prediction |
Crypto.com Chain
CRO
|
0.44972536 |
details, prediction |
Bitcoin Cash
BCH
|
0.30157688 |
details, prediction |
Ethereum Classic
ETC
|
0.27744582 |
details, prediction |
XRP
XRP
|
0.2517081 |
details, prediction |
|
Second tier
|
Verge
XVG
|
0.7303705 |
details, prediction |
Decred
DCR
|
0.7248117 |
details, prediction |
Telcoin
TEL
|
0.5785535 |
details, prediction |
DigiByte
DGB
|
0.5498713 |
details, prediction |
IOTA
IOT
|
0.44735128 |
details, prediction |
|
Third tier
|
Dent
DENT
|
0.7185284 |
details, prediction |
Matrix AI Network
MAN
|
0.68633866 |
details, prediction |
Dero
DERO
|
0.65694433 |
details, prediction |
Wanchain
WAN
|
0.61332315 |
details, prediction |
Komodo
KMD
|
0.53699905 |
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
|
-0.6697467 |
details, prediction |
ZCash
ZEC
|
-0.5937905 |
details, prediction |
Bitcoin
BTC
|
-0.19567934 |
details, prediction |
KuCoin Shares
KCS
|
-0.119893566 |
details, prediction |
Ethereum
ETH
|
-0.10071363 |
details, prediction |
|
Second tier
|
Chiliz
CHZ
|
-0.45002687 |
details, prediction |
Algorand
ALGO
|
-0.44594955 |
details, prediction |
HoloToken
HOT
|
-0.40246823 |
details, prediction |
0x
ZRX
|
-0.28981695 |
details, prediction |
Ravencoin
RVN
|
-0.2792955 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.732897 |
details, prediction |
Enjin Coin
ENJ
|
-0.6757805 |
details, prediction |
Kambria
KAT
|
-0.6059895 |
details, prediction |
HEROcoin
PLAY
|
-0.54282236 |
details, prediction |
Metal
MTL
|
-0.5096155 |
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)