Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.9487849 |
details, prediction |
Cardano
ADA
|
0.9440121 |
details, prediction |
Litecoin
LTC
|
0.9152174 |
details, prediction |
KuCoin Shares
KCS
|
0.9043973 |
details, prediction |
Monero
XMR
|
0.8995598 |
details, prediction |
|
Second tier
|
Horizen
ZEN
|
0.9856788 |
details, prediction |
Synthetix Network Token
SNX
|
0.9795456 |
details, prediction |
0x
ZRX
|
0.9787836 |
details, prediction |
Basic Attention Token
BAT
|
0.97339875 |
details, prediction |
Telcoin
TEL
|
0.9716973 |
details, prediction |
|
Third tier
|
Lisk
LSK
|
0.9883677 |
details, prediction |
Kleros
PNK
|
0.9870944 |
details, prediction |
Storj
STORJ
|
0.9699166 |
details, prediction |
Civic
CVC
|
0.96897805 |
details, prediction |
Power Ledger
POWR
|
0.9670474 |
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
|
-0.68823755 |
details, prediction |
UNUS SED LEO
LEO
|
0.32082382 |
details, prediction |
ZCash
ZEC
|
0.6235012 |
details, prediction |
Binance Coin
BNB
|
0.6529103 |
details, prediction |
Dogecoin
DOGE
|
0.79016715 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.46575305 |
details, prediction |
Decred
DCR
|
-0.15187363 |
details, prediction |
True USD
TUSD
|
0.064767115 |
details, prediction |
Verge
XVG
|
0.5175346 |
details, prediction |
Algorand
ALGO
|
0.5562512 |
details, prediction |
|
Third tier
|
Kambria
KAT
|
-0.49265355 |
details, prediction |
Ontology
ONT
|
-0.3206779 |
details, prediction |
OPEN Platform
OPEN
|
-0.0018298669 |
details, prediction |
HEROcoin
PLAY
|
0.03276458 |
details, prediction |
Dent
DENT
|
0.07791245 |
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)