Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin
BTC
|
0.8905016 |
details, prediction |
XRP
XRP
|
0.84549916 |
details, prediction |
ChainLink
LINK
|
0.82480794 |
details, prediction |
Cardano
ADA
|
0.8185294 |
details, prediction |
ZCash
ZEC
|
0.800183 |
details, prediction |
|
Second tier
|
QTUM
QTUM
|
0.8243044 |
details, prediction |
Theta
THETA
|
0.8206106 |
details, prediction |
Vechain
VET
|
0.8107873 |
details, prediction |
Horizen
ZEN
|
0.765885 |
details, prediction |
Nexo
NEXO
|
0.74037427 |
details, prediction |
|
Third tier
|
Bancor
BNT
|
0.8503826 |
details, prediction |
Achain
ACT
|
0.74899375 |
details, prediction |
Dent
DENT
|
0.7173235 |
details, prediction |
Stox
STX
|
0.6956093 |
details, prediction |
AdEx
ADX
|
0.6918512 |
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
|
0.12955551 |
details, prediction |
TRON
TRX
|
0.5903506 |
details, prediction |
Ethereum Classic
ETC
|
0.61104697 |
details, prediction |
KuCoin Shares
KCS
|
0.62575305 |
details, prediction |
Bitcoin Cash
BCH
|
0.66367054 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.7882516 |
details, prediction |
USD//Coin
USDC
|
-0.53096193 |
details, prediction |
True USD
TUSD
|
-0.49339205 |
details, prediction |
Waves
WAVES
|
0.10864817 |
details, prediction |
Telcoin
TEL
|
0.13205165 |
details, prediction |
|
Third tier
|
Matrix AI Network
MAN
|
-0.6003919 |
details, prediction |
NKN
NKN
|
-0.3480809 |
details, prediction |
Propy
PRO
|
-0.27197868 |
details, prediction |
Electroneum
ETN
|
-0.07332668 |
details, prediction |
Storj
STORJ
|
0.0063198213 |
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)