Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.9566779 |
details, prediction |
Stellar
XLM
|
0.9425486 |
details, prediction |
Ethereum Classic
ETC
|
0.9369336 |
details, prediction |
ZCash
ZEC
|
0.92683065 |
details, prediction |
Litecoin
LTC
|
0.9176808 |
details, prediction |
|
Second tier
|
Synthetix Network Token
SNX
|
0.99439913 |
details, prediction |
Loopring
LRC
|
0.99382776 |
details, prediction |
Theta Fuel
TFUEL
|
0.9897986 |
details, prediction |
Request Network
REQ
|
0.989081 |
details, prediction |
QTUM
QTUM
|
0.9887032 |
details, prediction |
|
Third tier
|
IoTeX
IOTX
|
0.9953715 |
details, prediction |
Lisk
LSK
|
0.9928623 |
details, prediction |
Kleros
PNK
|
0.9881828 |
details, prediction |
ICON
ICX
|
0.98714775 |
details, prediction |
Dent
DENT
|
0.98681754 |
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
|
-0.393607 |
details, prediction |
Binance Coin
BNB
|
0.20612551 |
details, prediction |
Dogecoin
DOGE
|
0.5045573 |
details, prediction |
UNUS SED LEO
LEO
|
0.64015454 |
details, prediction |
XRP
XRP
|
0.66114056 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.497684 |
details, prediction |
True USD
TUSD
|
-0.21754582 |
details, prediction |
Zilliqa
ZIL
|
0.07453813 |
details, prediction |
Verge
XVG
|
0.31427884 |
details, prediction |
Decred
DCR
|
0.35503677 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.6637907 |
details, prediction |
Constellation
DAG
|
-0.6483245 |
details, prediction |
Dero
DERO
|
-0.06422047 |
details, prediction |
BOScoin
BOS
|
-0.029469475 |
details, prediction |
Elastos
ELA
|
0.5846018 |
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)