Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Binance Coin
BNB
|
0.49578786 |
details, prediction |
ChainLink
LINK
|
0.4515585 |
details, prediction |
Crypto.com Chain
CRO
|
0.41174498 |
details, prediction |
UNUS SED LEO
LEO
|
0.41171858 |
details, prediction |
Dogecoin
DOGE
|
0.40398952 |
details, prediction |
|
Second tier
|
Huobi Token
HT
|
0.6611183 |
details, prediction |
Ethos (Bitquence)
BQX
|
0.62712544 |
details, prediction |
Algorand
ALGO
|
0.5763199 |
details, prediction |
Theta
THETA
|
0.5701066 |
details, prediction |
Telcoin
TEL
|
0.5056067 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
0.8528955 |
details, prediction |
ugChain
UGC
|
0.84044486 |
details, prediction |
Pillar
PLR
|
0.82057863 |
details, prediction |
Apollo
APL
|
0.7952149 |
details, prediction |
Egretia
EGT
|
0.78462774 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Business Credit Alliance Chain 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 Business Credit Alliance Chain
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
-0.16602223 |
details, prediction |
Matic Network
MATIC
|
-0.016878534 |
details, prediction |
KuCoin Shares
KCS
|
0.038442053 |
details, prediction |
SONM
SNM
|
0.039840516 |
details, prediction |
Bitcoin Cash
BCH
|
0.0663718 |
details, prediction |
|
Second tier
|
Synthetix Network Token
SNX
|
-0.89481777 |
details, prediction |
SwissBorg
CHSB
|
-0.83410496 |
details, prediction |
Ocean Protocol
OCEAN
|
-0.49941114 |
details, prediction |
HedgeTrade
HEDG
|
-0.3324367 |
details, prediction |
FTX Token
FTT
|
-0.3293331 |
details, prediction |
|
Third tier
|
Dether
DTH
|
-0.8976391 |
details, prediction |
Winchain
WIN
|
-0.8774761 |
details, prediction |
Constellation
DAG
|
-0.84942 |
details, prediction |
DubaiCoin
DBIX
|
-0.8273363 |
details, prediction |
Peerplays
PPY
|
-0.8216964 |
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)