Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
SONM
SNM
|
0.9543299 |
details, prediction |
Stellar
XLM
|
0.94430494 |
details, prediction |
IOTA
IOT
|
0.9396258 |
details, prediction |
EOS
EOS
|
0.93490666 |
details, prediction |
UNUS SED LEO
LEO
|
0.9155053 |
details, prediction |
Second tier
|
Waves
WAVES
|
0.9649797 |
details, prediction |
Request Network
REQ
|
0.9536411 |
details, prediction |
SysCoin
SYS
|
0.9508987 |
details, prediction |
Enjin Coin
ENJ
|
0.9497756 |
details, prediction |
Verge
XVG
|
0.9489551 |
details, prediction |
Third tier
|
StealthCoin
XST
|
0.9599194 |
details, prediction |
Cindicator
CND
|
0.95686686 |
details, prediction |
Airbloc
ABL
|
0.9552203 |
details, prediction |
ViaCoin
VIA
|
0.95393896 |
details, prediction |
Bitcore
BTX
|
0.9516452 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that BitDegree 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 BitDegree
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Bitcoin
BTC
|
-0.4985208 |
details, prediction |
ChainLink
LINK
|
-0.40609086 |
details, prediction |
KuCoin Shares
KCS
|
-0.39868927 |
details, prediction |
USD//Coin
USDC
|
-0.0358628 |
details, prediction |
Tezos
XTZ
|
0.34466177 |
details, prediction |
Second tier
|
Huobi Token
HT
|
-0.8304464 |
details, prediction |
FirstBlood
1ST
|
-0.755287 |
details, prediction |
Quant Network
QNT
|
-0.5001508 |
details, prediction |
Aragon
ANT
|
-0.2119805 |
details, prediction |
Dai
DAI
|
-0.17459154 |
details, prediction |
Third tier
|
Seele
SEELE
|
-0.92178315 |
details, prediction |
RSK Infrastructure Framework
RIF
|
-0.8826929 |
details, prediction |
Tidex Token
TDX
|
-0.87940264 |
details, prediction |
Digix Gold Token
DGX
|
-0.8437767 |
details, prediction |
BipCoin
BIP
|
-0.8040189 |
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)