Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.66596967 |
details, prediction |
Stellar
XLM
|
0.58954895 |
details, prediction |
Ethereum Classic
ETC
|
0.5596851 |
details, prediction |
XRP
XRP
|
0.48567697 |
details, prediction |
KuCoin Shares
KCS
|
0.36275935 |
details, prediction |
|
Second tier
|
Telcoin
TEL
|
0.7481318 |
details, prediction |
Cosmos
ATOM
|
0.73738074 |
details, prediction |
FTX Token
FTT
|
0.72460425 |
details, prediction |
Chiliz
CHZ
|
0.6758425 |
details, prediction |
Ravencoin
RVN
|
0.67082936 |
details, prediction |
|
Third tier
|
Metal
MTL
|
0.8181929 |
details, prediction |
ICON
ICX
|
0.77895236 |
details, prediction |
SwftCoin
SWFTC
|
0.7201108 |
details, prediction |
PIVX
PIVX
|
0.7130517 |
details, prediction |
SingularityNET
AGI
|
0.7022455 |
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
|
Ethereum
ETH
|
-0.5994331 |
details, prediction |
TRON
TRX
|
-0.51304483 |
details, prediction |
Monero
XMR
|
-0.47194216 |
details, prediction |
ChainLink
LINK
|
-0.463773 |
details, prediction |
ZCash
ZEC
|
-0.39376596 |
details, prediction |
|
Second tier
|
Bitcoin SV
BSV
|
-0.6482952 |
details, prediction |
DigiByte
DGB
|
-0.64627373 |
details, prediction |
Decred
DCR
|
-0.4782674 |
details, prediction |
HoloToken
HOT
|
-0.46495253 |
details, prediction |
Bitcoin Gold
BTG
|
-0.17758663 |
details, prediction |
|
Third tier
|
Dero
DERO
|
-0.9021055 |
details, prediction |
NKN
NKN
|
-0.8156399 |
details, prediction |
V Systems
VSYS
|
-0.7512529 |
details, prediction |
Hydro Protocol
HOT
|
-0.5156497 |
details, prediction |
Constellation
DAG
|
-0.4642779 |
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)