Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Cosmos
ATOM
|
0.83076453 |
details, prediction |
ChainLink
LINK
|
0.7870198 |
details, prediction |
Stellar
XLM
|
0.78133804 |
details, prediction |
Vechain
VET
|
0.685098 |
details, prediction |
Fantom
FTM
|
0.6515687 |
details, prediction |
Second tier
|
iEx.ec
RLC
|
0.76134753 |
details, prediction |
QTUM
QTUM
|
0.74873817 |
details, prediction |
BitTorrent
BTT
|
0.74386215 |
details, prediction |
Algorand
ALGO
|
0.7435216 |
details, prediction |
Ocean Protocol
OCEAN
|
0.7343868 |
details, prediction |
Third tier
|
Synereo
AMP
|
0.83351386 |
details, prediction |
CLAMS
CLAM
|
0.8151167 |
details, prediction |
Odyssey
OCN
|
0.81377304 |
details, prediction |
CEEK
CEEK
|
0.77796006 |
details, prediction |
Bytom
BTM
|
0.7720758 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Bloom 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 Bloom
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
KuCoin Shares
KCS
|
-0.59852844 |
details, prediction |
Bitcoin Cash
BCH
|
-0.2472359 |
details, prediction |
Litecoin
LTC
|
-0.09991949 |
details, prediction |
Ethereum Classic
ETC
|
-0.06341861 |
details, prediction |
EOS
EOS
|
-0.06050213 |
details, prediction |
Second tier
|
HedgeTrade
HEDG
|
-0.5058515 |
details, prediction |
BORA
BORA
|
-0.40792155 |
details, prediction |
DASH
DASH
|
-0.29873097 |
details, prediction |
Bitcoin SV
BSV
|
-0.22479916 |
details, prediction |
True USD
TUSD
|
-0.21275821 |
details, prediction |
Third tier
|
Linker Coin
LNC
|
-0.67974275 |
details, prediction |
Yggdrash
YEED
|
-0.575586 |
details, prediction |
Polybius
PLBT
|
-0.5562983 |
details, prediction |
Veritaseum
VERI
|
-0.54044515 |
details, prediction |
Blockport
BPT
|
-0.5364733 |
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)