Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Matic Network
MATIC
|
0.27544746 |
details, prediction |
Tezos
XTZ
|
0.08620371 |
details, prediction |
UNUS SED LEO
LEO
|
0.04357817 |
details, prediction |
XRP
XRP
|
0.04085405 |
details, prediction |
Fantom
FTM
|
0.03387591 |
details, prediction |
Second tier
|
Enjin Coin
ENJ
|
0.20483646 |
details, prediction |
Ravencoin
RVN
|
0.16440775 |
details, prediction |
Kyber Network
KNC
|
0.12499907 |
details, prediction |
XYO Network
XYO
|
0.09304804 |
details, prediction |
Loom Network
LOOM
|
0.0634202 |
details, prediction |
Third tier
|
Smartlands
SLT
|
0.79616296 |
details, prediction |
WeShow Token
WET
|
0.7947552 |
details, prediction |
RevolutionVR
RVR
|
0.7781278 |
details, prediction |
DubaiCoin
DBIX
|
0.74949235 |
details, prediction |
Modum
MOD
|
0.74266565 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Bitcoin Interest 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 Bitcoin Interest
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
NEO
NEO
|
-0.50513864 |
details, prediction |
Theta
THETA
|
-0.4458943 |
details, prediction |
Crypto.com Chain
CRO
|
-0.41984218 |
details, prediction |
Bitcoin Cash
BCH
|
-0.33159754 |
details, prediction |
Ethereum Classic
ETC
|
-0.30780137 |
details, prediction |
Second tier
|
Waves
WAVES
|
-0.46933645 |
details, prediction |
BORA
BORA
|
-0.41997054 |
details, prediction |
EthLend
LEND
|
-0.41822776 |
details, prediction |
OriginTrail
TRAC
|
-0.39414597 |
details, prediction |
Nexo
NEXO
|
-0.39370087 |
details, prediction |
Third tier
|
DAOstack
GEN
|
-0.59249693 |
details, prediction |
Wowbit
WWB
|
-0.48706016 |
details, prediction |
ugChain
UGC
|
-0.48681346 |
details, prediction |
True Flip Lottery
TFL
|
-0.4809821 |
details, prediction |
Xriba
XRA
|
-0.4758763 |
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)