Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Bitcoin
BTC
|
0.8538604 |
details, prediction |
Crypto.com Chain
CRO
|
0.85332155 |
details, prediction |
Theta
THETA
|
0.793045 |
details, prediction |
Tezos
XTZ
|
0.7671622 |
details, prediction |
Chiliz
CHZ
|
0.74769217 |
details, prediction |
Second tier
|
Ocean Protocol
OCEAN
|
0.89299184 |
details, prediction |
NEM
XEM
|
0.8845627 |
details, prediction |
Power Ledger
POWR
|
0.8842242 |
details, prediction |
Aragon
ANT
|
0.8765416 |
details, prediction |
ARK
ARK
|
0.8718599 |
details, prediction |
Third tier
|
High Performance Blockchain
HPB
|
0.9630132 |
details, prediction |
Red Pulse Phoenix
PHX
|
0.9484291 |
details, prediction |
carVertical
CV
|
0.9381647 |
details, prediction |
Game
GTC
|
0.93489933 |
details, prediction |
QASH
QASH
|
0.93256867 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Bounty0x 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 Bounty0x
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Matic Network
MATIC
|
-0.72027814 |
details, prediction |
Ethereum Classic
ETC
|
-0.43570924 |
details, prediction |
Dogecoin
DOGE
|
-0.396075 |
details, prediction |
Cardano
ADA
|
-0.31869116 |
details, prediction |
UNUS SED LEO
LEO
|
-0.3076108 |
details, prediction |
Second tier
|
Telcoin
TEL
|
-0.58828443 |
details, prediction |
Quant Network
QNT
|
-0.3679679 |
details, prediction |
iEx.ec
RLC
|
-0.27728617 |
details, prediction |
Theta Fuel
TFUEL
|
-0.24602126 |
details, prediction |
Digix DAO
DGD
|
-0.13262038 |
details, prediction |
Third tier
|
BitcoinZ
BTCZ
|
-0.66240984 |
details, prediction |
STASIS EURS
EURS
|
-0.5721676 |
details, prediction |
BLOCKv
VEE
|
-0.520172 |
details, prediction |
Chronobank
TIME
|
-0.5148092 |
details, prediction |
Gulden
NLG
|
-0.50507426 |
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)