Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
XRP
XRP
|
0.84931606 |
details, prediction |
Bitcoin
BTC
|
0.7915221 |
details, prediction |
Dogecoin
DOGE
|
0.78782237 |
details, prediction |
KuCoin Shares
KCS
|
0.7800318 |
details, prediction |
Ethereum
ETH
|
0.7599934 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
0.6990768 |
details, prediction |
EOS
EOS
|
0.6759285 |
details, prediction |
NEO
NEO
|
0.6539147 |
details, prediction |
Tezos
XTZ
|
0.62216896 |
details, prediction |
Bitcoin Gold
BTG
|
0.61325216 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
0.7782642 |
details, prediction |
Komodo
KMD
|
0.61692965 |
details, prediction |
QuarkChain
QKC
|
0.6099642 |
details, prediction |
Internet of Services
IOST
|
0.6071379 |
details, prediction |
ARK
ARK
|
0.5935559 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Binance Coin 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 Binance Coin
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.0027259465 |
details, prediction |
Crypto.com Chain
CRO
|
0.15482321 |
details, prediction |
ChainLink
LINK
|
0.22407244 |
details, prediction |
Bitcoin Cash
BCH
|
0.37070978 |
details, prediction |
UNUS SED LEO
LEO
|
0.4969306 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.31901145 |
details, prediction |
Nexo
NEXO
|
-0.09820367 |
details, prediction |
Cosmos
ATOM
|
0.07146487 |
details, prediction |
Vechain
VET
|
0.100830436 |
details, prediction |
Dai
DAI
|
0.10269223 |
details, prediction |
|
Third tier
|
Propy
PRO
|
-0.43839213 |
details, prediction |
BABB
BAX
|
-0.32632193 |
details, prediction |
OPEN Platform
OPEN
|
-0.28306696 |
details, prediction |
Dent
DENT
|
-0.2174646 |
details, prediction |
FunFair
FUN
|
-0.04149684 |
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)