Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin
BTC
|
0.96128345 |
details, prediction |
Cardano
ADA
|
0.960819 |
details, prediction |
Ethereum Classic
ETC
|
0.94818556 |
details, prediction |
ChainLink
LINK
|
0.9478937 |
details, prediction |
XRP
XRP
|
0.94248414 |
details, prediction |
|
Second tier
|
NEO
NEO
|
0.94310683 |
details, prediction |
QTUM
QTUM
|
0.9370527 |
details, prediction |
Decentraland
MANA
|
0.9195102 |
details, prediction |
Status
SNT
|
0.91571534 |
details, prediction |
Theta Fuel
TFUEL
|
0.9149472 |
details, prediction |
|
Third tier
|
Gas
GAS
|
0.91382015 |
details, prediction |
Civic
CVC
|
0.9046859 |
details, prediction |
Wanchain
WAN
|
0.9021161 |
details, prediction |
Internet of Services
IOST
|
0.9004035 |
details, prediction |
Power Ledger
POWR
|
0.89591515 |
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
|
-0.52751184 |
details, prediction |
TRON
TRX
|
0.37394187 |
details, prediction |
ZCash
ZEC
|
0.39962912 |
details, prediction |
KuCoin Shares
KCS
|
0.8237428 |
details, prediction |
Binance Coin
BNB
|
0.8619299 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.7835484 |
details, prediction |
Dai
DAI
|
-0.6744564 |
details, prediction |
True USD
TUSD
|
-0.6158526 |
details, prediction |
Telcoin
TEL
|
0.32915822 |
details, prediction |
OriginTrail
TRAC
|
0.45258638 |
details, prediction |
|
Third tier
|
Propy
PRO
|
-0.11315174 |
details, prediction |
Matrix AI Network
MAN
|
-0.07714875 |
details, prediction |
V Systems
VSYS
|
0.14197977 |
details, prediction |
Phantasma
SOUL
|
0.18611993 |
details, prediction |
BABB
BAX
|
0.2841804 |
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)