Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.7474991 |
details, prediction |
Monero
XMR
|
0.74500686 |
details, prediction |
ZCash
ZEC
|
0.7312273 |
details, prediction |
KuCoin Shares
KCS
|
0.71354336 |
details, prediction |
Ethereum Classic
ETC
|
0.68171495 |
details, prediction |
|
Second tier
|
Ardor
ARDR
|
0.899433 |
details, prediction |
Request Network
REQ
|
0.8779897 |
details, prediction |
Bitcoin Gold
BTG
|
0.8740611 |
details, prediction |
Waves
WAVES
|
0.84858745 |
details, prediction |
Theta Fuel
TFUEL
|
0.8406552 |
details, prediction |
|
Third tier
|
Elastos
ELA
|
0.9352107 |
details, prediction |
Chronobank
TIME
|
0.9084342 |
details, prediction |
Komodo
KMD
|
0.876984 |
details, prediction |
Gas
GAS
|
0.86564785 |
details, prediction |
Loopring
LRC
|
0.85217476 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that BOScoin 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 BOScoin
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.35845286 |
details, prediction |
UNUS SED LEO
LEO
|
-0.2579845 |
details, prediction |
ChainLink
LINK
|
0.46601322 |
details, prediction |
Crypto.com Chain
CRO
|
0.5101919 |
details, prediction |
Stellar
XLM
|
0.5435844 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.6864426 |
details, prediction |
Nexo
NEXO
|
-0.03710321 |
details, prediction |
Dai
DAI
|
0.06770535 |
details, prediction |
Verge
XVG
|
0.31093946 |
details, prediction |
HoloToken
HOT
|
0.3675091 |
details, prediction |
|
Third tier
|
Dent
DENT
|
-0.7272806 |
details, prediction |
Propy
PRO
|
-0.33865067 |
details, prediction |
FunFair
FUN
|
-0.1458037 |
details, prediction |
BABB
BAX
|
-0.12808079 |
details, prediction |
OPEN Platform
OPEN
|
0.05034657 |
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)