Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin
BTC
|
0.9377424 |
details, prediction |
Bitcoin Cash
BCH
|
0.9313707 |
details, prediction |
Litecoin
LTC
|
0.92191744 |
details, prediction |
Stellar
XLM
|
0.8905501 |
details, prediction |
Ethereum
ETH
|
0.89044625 |
details, prediction |
|
Second tier
|
Nano
NANO
|
0.9220839 |
details, prediction |
Verge
XVG
|
0.895117 |
details, prediction |
Cortex
CTXC
|
0.87981296 |
details, prediction |
Horizen
ZEN
|
0.8797324 |
details, prediction |
Zilliqa
ZIL
|
0.8769148 |
details, prediction |
|
Third tier
|
Gulden
NLG
|
0.9182862 |
details, prediction |
Mobius
MOBI
|
0.90274376 |
details, prediction |
Genesis Vision
GVT
|
0.90237427 |
details, prediction |
Metronome
MET
|
0.89898837 |
details, prediction |
DubaiCoin
DBIX
|
0.89827985 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Boolberry 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 Boolberry
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
XRP
XRP
|
-0.022451242 |
details, prediction |
UNUS SED LEO
LEO
|
0.55533636 |
details, prediction |
Fantom
FTM
|
0.6022573 |
details, prediction |
Crypto.com Chain
CRO
|
0.6464283 |
details, prediction |
Matic Network
MATIC
|
0.70581543 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.3214948 |
details, prediction |
True USD
TUSD
|
-0.105389215 |
details, prediction |
USD//Coin
USDC
|
-0.041818734 |
details, prediction |
Paxos Standard
PAX
|
0.013615784 |
details, prediction |
Metadium
META
|
0.4630461 |
details, prediction |
|
Third tier
|
Change
CAG
|
-0.78429806 |
details, prediction |
Enigma
ENG
|
-0.71331644 |
details, prediction |
Bitbook Gambling
BXK
|
-0.7069345 |
details, prediction |
DxChain
DX
|
-0.5727351 |
details, prediction |
Kleros
PNK
|
-0.56151867 |
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)