Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
XRP
XRP
|
0.2560866 |
details, prediction |
KuCoin Shares
KCS
|
0.20214322 |
details, prediction |
TRON
TRX
|
0.19681181 |
details, prediction |
Bitcoin SV
BSV
|
0.15190935 |
details, prediction |
Vechain
VET
|
0.14965673 |
details, prediction |
Second tier
|
XYO Network
XYO
|
0.24552879 |
details, prediction |
HedgeTrade
HEDG
|
0.23368399 |
details, prediction |
BitTorrent
BTT
|
0.21954514 |
details, prediction |
FirstBlood
1ST
|
0.19877401 |
details, prediction |
EthLend
LEND
|
0.1977579 |
details, prediction |
Third tier
|
EXRNchain
EXRN
|
0.7890808 |
details, prediction |
Universa
UTNP
|
0.7366598 |
details, prediction |
BitcoinZ
BTCZ
|
0.660104 |
details, prediction |
Asch
XAS
|
0.5704086 |
details, prediction |
NAGA
NGC
|
0.50236225 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that BlockMason Credit Protocol 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 BlockMason Credit Protocol
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Cosmos
ATOM
|
-0.35473385 |
details, prediction |
Cardano
ADA
|
-0.26174492 |
details, prediction |
Crypto.com Chain
CRO
|
-0.19910148 |
details, prediction |
Fantom
FTM
|
-0.19434267 |
details, prediction |
Bitcoin
BTC
|
-0.18752086 |
details, prediction |
Second tier
|
AMO Coin
AMO
|
-0.71525025 |
details, prediction |
Ethos (Bitquence)
BQX
|
-0.61932683 |
details, prediction |
NEM
XEM
|
-0.486528 |
details, prediction |
Ravencoin
RVN
|
-0.348661 |
details, prediction |
Polymath Network
POLY
|
-0.27220702 |
details, prediction |
Third tier
|
Envion
EVN
|
-0.7940148 |
details, prediction |
GET Protocol
GET
|
-0.7207321 |
details, prediction |
DigiCube
CUBE
|
-0.6459403 |
details, prediction |
NovaCoin
NVC
|
-0.6305527 |
details, prediction |
Dynamic Trading Rights
DTR
|
-0.5968372 |
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)