Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
SONM
SNM
|
0.3446902 |
details, prediction |
KuCoin Shares
KCS
|
0.32584122 |
details, prediction |
Cardano
ADA
|
0.10118699 |
details, prediction |
Dogecoin
DOGE
|
0.019374356 |
details, prediction |
NEO
NEO
|
0.0016381742 |
details, prediction |
Second tier
|
SwissBorg
CHSB
|
0.679823 |
details, prediction |
OriginTrail
TRAC
|
0.6109457 |
details, prediction |
IoTeX
IOTX
|
0.49905416 |
details, prediction |
Ethos (Bitquence)
BQX
|
0.49851793 |
details, prediction |
EthLend
LEND
|
0.4599828 |
details, prediction |
Third tier
|
Tidex Token
TDX
|
0.9087061 |
details, prediction |
BHPCash
BHPC
|
0.90374583 |
details, prediction |
PeerCoin
PPC
|
0.8744616 |
details, prediction |
CounterParty
XCP
|
0.86631787 |
details, prediction |
DopeCoin
DOPE
|
0.84015965 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Rentberry 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 Rentberry
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
ChainLink
LINK
|
-0.6455747 |
details, prediction |
Ethereum
ETH
|
-0.5148009 |
details, prediction |
Bitcoin
BTC
|
-0.47553805 |
details, prediction |
XRP
XRP
|
-0.4661485 |
details, prediction |
Binance Coin
BNB
|
-0.41542625 |
details, prediction |
Second tier
|
Dent
DENT
|
-0.6458385 |
details, prediction |
BitTorrent
BTT
|
-0.5993223 |
details, prediction |
HoloToken
HOT
|
-0.48344526 |
details, prediction |
Dai
DAI
|
-0.46820617 |
details, prediction |
IOTA
IOT
|
-0.45934385 |
details, prediction |
Third tier
|
Solve.Care
SOLVE
|
-0.7003755 |
details, prediction |
42 Coin
42
|
-0.68408567 |
details, prediction |
CryptoPay
CPAY
|
-0.6738344 |
details, prediction |
RubyCoin
RBY
|
-0.6642532 |
details, prediction |
True Flip Lottery
TFL
|
-0.6631961 |
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)