Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.9730064 |
details, prediction |
XRP
XRP
|
0.9725066 |
details, prediction |
Bitcoin
BTC
|
0.959445 |
details, prediction |
Ethereum
ETH
|
0.9552963 |
details, prediction |
ChainLink
LINK
|
0.94686896 |
details, prediction |
|
Second tier
|
Nexo
NEXO
|
0.94750553 |
details, prediction |
QTUM
QTUM
|
0.9387415 |
details, prediction |
Theta
THETA
|
0.92483824 |
details, prediction |
Verge
XVG
|
0.9086376 |
details, prediction |
HoloToken
HOT
|
0.9006331 |
details, prediction |
|
Third tier
|
Gas
GAS
|
0.95425284 |
details, prediction |
Ontology
ONT
|
0.9226813 |
details, prediction |
SingularityNET
AGI
|
0.8881958 |
details, prediction |
Hydro Protocol
HOT
|
0.8527764 |
details, prediction |
Stox
STX
|
0.84577256 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Bancor 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 Bancor
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.2669534 |
details, prediction |
KuCoin Shares
KCS
|
0.7897249 |
details, prediction |
Stellar
XLM
|
0.80474246 |
details, prediction |
Monero
XMR
|
0.8295107 |
details, prediction |
ZCash
ZEC
|
0.85307926 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
-0.57739663 |
details, prediction |
USD//Coin
USDC
|
-0.34904143 |
details, prediction |
True USD
TUSD
|
-0.29507396 |
details, prediction |
aelf
ELF
|
0.03999257 |
details, prediction |
Telcoin
TEL
|
0.2703113 |
details, prediction |
|
Third tier
|
ICON
ICX
|
-0.7515589 |
details, prediction |
NKN
NKN
|
-0.75105554 |
details, prediction |
Matrix AI Network
MAN
|
-0.72247577 |
details, prediction |
OPEN Platform
OPEN
|
-0.6808212 |
details, prediction |
Storj
STORJ
|
-0.5789185 |
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)