Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Crypto.com Chain
CRO
|
0.9239924 |
details, prediction |
Bitcoin
BTC
|
0.8986729 |
details, prediction |
Theta
THETA
|
0.83842385 |
details, prediction |
Chiliz
CHZ
|
0.81985307 |
details, prediction |
Tezos
XTZ
|
0.769745 |
details, prediction |
Second tier
|
OriginTrail
TRAC
|
0.9417245 |
details, prediction |
Loom Network
LOOM
|
0.93138224 |
details, prediction |
Storj
STORJ
|
0.92556524 |
details, prediction |
Dent
DENT
|
0.919826 |
details, prediction |
Aragon
ANT
|
0.9185203 |
details, prediction |
Third tier
|
QLINK
QLC
|
0.9535113 |
details, prediction |
Seele
SEELE
|
0.95349133 |
details, prediction |
Electroneum
ETN
|
0.9525903 |
details, prediction |
V Systems
VSYS
|
0.9504368 |
details, prediction |
CPChain
CPC
|
0.9494978 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that BetaCoin 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 BetaCoin
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Matic Network
MATIC
|
-0.7935195 |
details, prediction |
Ethereum Classic
ETC
|
-0.4560924 |
details, prediction |
Dogecoin
DOGE
|
-0.3629448 |
details, prediction |
Cardano
ADA
|
-0.3603045 |
details, prediction |
UNUS SED LEO
LEO
|
-0.3413275 |
details, prediction |
Second tier
|
Telcoin
TEL
|
-0.6231143 |
details, prediction |
Quant Network
QNT
|
-0.5060251 |
details, prediction |
iEx.ec
RLC
|
-0.23795219 |
details, prediction |
Theta Fuel
TFUEL
|
-0.23022749 |
details, prediction |
FirstBlood
1ST
|
-0.12982689 |
details, prediction |
Third tier
|
BURST
BURST
|
-0.65039605 |
details, prediction |
PeerCoin
PPC
|
-0.6037858 |
details, prediction |
STASIS EURS
EURS
|
-0.5649579 |
details, prediction |
TokenPay
TPAY
|
-0.5578052 |
details, prediction |
BLOCKv
VEE
|
-0.5550426 |
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)