Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.7964735 |
details, prediction |
ChainLink
LINK
|
0.7863181 |
details, prediction |
Crypto.com Chain
CRO
|
0.7829597 |
details, prediction |
Ethereum Classic
ETC
|
0.7751443 |
details, prediction |
XRP
XRP
|
0.75461173 |
details, prediction |
|
Second tier
|
IOTA
IOT
|
0.8378957 |
details, prediction |
Basic Attention Token
BAT
|
0.8308498 |
details, prediction |
Cosmos
ATOM
|
0.8112063 |
details, prediction |
Algorand
ALGO
|
0.8023805 |
details, prediction |
Synthetix Network Token
SNX
|
0.7819046 |
details, prediction |
|
Third tier
|
Chronobank
TIME
|
0.8799524 |
details, prediction |
Stox
STX
|
0.8787572 |
details, prediction |
Bancor
BNT
|
0.85102403 |
details, prediction |
Wanchain
WAN
|
0.7485358 |
details, prediction |
Internet of Services
IOST
|
0.73476315 |
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
|
Stellar
XLM
|
-0.1431069 |
details, prediction |
ZCash
ZEC
|
0.37519005 |
details, prediction |
TRON
TRX
|
0.42575154 |
details, prediction |
Bitcoin Cash
BCH
|
0.571058 |
details, prediction |
Ethereum
ETH
|
0.59593135 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.5575261 |
details, prediction |
True USD
TUSD
|
-0.4709531 |
details, prediction |
Dai
DAI
|
-0.32808793 |
details, prediction |
Telcoin
TEL
|
0.3660872 |
details, prediction |
Bitcoin SV
BSV
|
0.4997503 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
-0.8518905 |
details, prediction |
Matrix AI Network
MAN
|
-0.2309665 |
details, prediction |
Propy
PRO
|
-0.2203257 |
details, prediction |
Phantasma
SOUL
|
0.063394055 |
details, prediction |
SysCoin
SYS
|
0.086161435 |
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)