Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.6947406 |
details, prediction |
KuCoin Shares
KCS
|
0.6453512 |
details, prediction |
Crypto.com Chain
CRO
|
0.6342242 |
details, prediction |
Litecoin
LTC
|
0.6178393 |
details, prediction |
XRP
XRP
|
0.6162818 |
details, prediction |
|
Second tier
|
Verge
XVG
|
0.80189073 |
details, prediction |
Waves
WAVES
|
0.7259008 |
details, prediction |
Vechain
VET
|
0.7232755 |
details, prediction |
Ravencoin
RVN
|
0.71293575 |
details, prediction |
Decred
DCR
|
0.7114096 |
details, prediction |
|
Third tier
|
SysCoin
SYS
|
0.8658279 |
details, prediction |
AdEx
ADX
|
0.83754903 |
details, prediction |
SingularityNET
AGI
|
0.8157733 |
details, prediction |
Ontology
ONT
|
0.8067437 |
details, prediction |
FunFair
FUN
|
0.7977234 |
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
|
-0.7310799 |
details, prediction |
TRON
TRX
|
-0.54668045 |
details, prediction |
Stellar
XLM
|
-0.4699926 |
details, prediction |
Binance Coin
BNB
|
0.08329972 |
details, prediction |
Monero
XMR
|
0.17665893 |
details, prediction |
|
Second tier
|
Telcoin
TEL
|
-0.52094084 |
details, prediction |
USD//Coin
USDC
|
-0.41982672 |
details, prediction |
Dai
DAI
|
-0.34160608 |
details, prediction |
DASH
DASH
|
-0.32476288 |
details, prediction |
True USD
TUSD
|
-0.2880656 |
details, prediction |
|
Third tier
|
Chronobank
TIME
|
-0.6926234 |
details, prediction |
V Systems
VSYS
|
-0.5622933 |
details, prediction |
Matrix AI Network
MAN
|
-0.2334361 |
details, prediction |
Propy
PRO
|
-0.049741738 |
details, prediction |
Constellation
DAG
|
-0.015931783 |
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)