Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin
BTC
|
0.93142897 |
details, prediction |
XRP
XRP
|
0.9219737 |
details, prediction |
Litecoin
LTC
|
0.9099594 |
details, prediction |
Binance Coin
BNB
|
0.88800883 |
details, prediction |
Bitcoin Cash
BCH
|
0.8247576 |
details, prediction |
|
Second tier
|
QTUM
QTUM
|
0.91630095 |
details, prediction |
Vechain
VET
|
0.8670668 |
details, prediction |
0x
ZRX
|
0.86109364 |
details, prediction |
Horizen
ZEN
|
0.8600466 |
details, prediction |
Theta
THETA
|
0.8563996 |
details, prediction |
|
Third tier
|
Gas
GAS
|
0.79971355 |
details, prediction |
Ontology
ONT
|
0.7793873 |
details, prediction |
Stox
STX
|
0.7776415 |
details, prediction |
Dent
DENT
|
0.74233955 |
details, prediction |
SysCoin
SYS
|
0.73075753 |
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
|
0.34608856 |
details, prediction |
TRON
TRX
|
0.6255615 |
details, prediction |
Monero
XMR
|
0.6265131 |
details, prediction |
KuCoin Shares
KCS
|
0.665394 |
details, prediction |
Dogecoin
DOGE
|
0.7097608 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.7394768 |
details, prediction |
USD//Coin
USDC
|
-0.2474888 |
details, prediction |
True USD
TUSD
|
-0.21000227 |
details, prediction |
Waves
WAVES
|
-0.0537103 |
details, prediction |
aelf
ELF
|
-0.004089031 |
details, prediction |
|
Third tier
|
Matrix AI Network
MAN
|
-0.5891174 |
details, prediction |
NKN
NKN
|
-0.38927996 |
details, prediction |
OPEN Platform
OPEN
|
-0.31678635 |
details, prediction |
ICON
ICX
|
-0.30079344 |
details, prediction |
Electroneum
ETN
|
-0.14023295 |
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)