Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin
BTC
|
0.96973944 |
details, prediction |
XRP
XRP
|
0.961061 |
details, prediction |
Ethereum
ETH
|
0.9420852 |
details, prediction |
ChainLink
LINK
|
0.93399715 |
details, prediction |
Binance Coin
BNB
|
0.9064497 |
details, prediction |
|
Second tier
|
QTUM
QTUM
|
0.9067833 |
details, prediction |
Nexo
NEXO
|
0.89199644 |
details, prediction |
Theta
THETA
|
0.88692963 |
details, prediction |
0x
ZRX
|
0.8560984 |
details, prediction |
Vechain
VET
|
0.8470575 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
0.8675342 |
details, prediction |
Gas
GAS
|
0.8654709 |
details, prediction |
Stox
STX
|
0.85314167 |
details, prediction |
Dent
DENT
|
0.84506744 |
details, prediction |
Hydro Protocol
HOT
|
0.7799157 |
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
|
Stellar
XLM
|
0.27523658 |
details, prediction |
KuCoin Shares
KCS
|
0.4855894 |
details, prediction |
TRON
TRX
|
0.49112225 |
details, prediction |
Ethereum Classic
ETC
|
0.78089 |
details, prediction |
Bitcoin Cash
BCH
|
0.8035533 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
-0.5672033 |
details, prediction |
aelf
ELF
|
-0.44632024 |
details, prediction |
USD//Coin
USDC
|
-0.4276281 |
details, prediction |
True USD
TUSD
|
-0.3932154 |
details, prediction |
Telcoin
TEL
|
-0.32035822 |
details, prediction |
|
Third tier
|
Matrix AI Network
MAN
|
-0.7661203 |
details, prediction |
ICON
ICX
|
-0.7556264 |
details, prediction |
NKN
NKN
|
-0.68833643 |
details, prediction |
OPEN Platform
OPEN
|
-0.60106444 |
details, prediction |
Storj
STORJ
|
-0.59377897 |
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)