Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
0.78132457 |
details, prediction |
Monero
XMR
|
0.76123124 |
details, prediction |
Bitcoin
BTC
|
0.7574837 |
details, prediction |
UNUS SED LEO
LEO
|
0.743367 |
details, prediction |
Dogecoin
DOGE
|
0.74247134 |
details, prediction |
|
Second tier
|
Cosmos
ATOM
|
0.82528013 |
details, prediction |
Theta
THETA
|
0.81676453 |
details, prediction |
DASH
DASH
|
0.7168796 |
details, prediction |
Horizen
ZEN
|
0.67835003 |
details, prediction |
Synthetix Network Token
SNX
|
0.656637 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.7639066 |
details, prediction |
Storj
STORJ
|
0.735571 |
details, prediction |
HEROcoin
PLAY
|
0.67336553 |
details, prediction |
Chronobank
TIME
|
0.5438511 |
details, prediction |
Enjin Coin
ENJ
|
0.5390246 |
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
|
Bitcoin Cash
BCH
|
-0.33137718 |
details, prediction |
Crypto.com Chain
CRO
|
-0.31229496 |
details, prediction |
Stellar
XLM
|
-0.21662013 |
details, prediction |
KuCoin Shares
KCS
|
0.056668084 |
details, prediction |
Cardano
ADA
|
0.12102768 |
details, prediction |
|
Second tier
|
Verge
XVG
|
-0.57048756 |
details, prediction |
Dai
DAI
|
-0.5402538 |
details, prediction |
Decred
DCR
|
-0.44443953 |
details, prediction |
USD//Coin
USDC
|
-0.41657397 |
details, prediction |
Bitcoin Gold
BTG
|
-0.32970276 |
details, prediction |
|
Third tier
|
Phantasma
SOUL
|
-0.7365279 |
details, prediction |
Dent
DENT
|
-0.72124505 |
details, prediction |
LAToken
LA
|
-0.6221009 |
details, prediction |
BABB
BAX
|
-0.60207313 |
details, prediction |
FunFair
FUN
|
-0.5717211 |
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)