Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.88013875 |
details, prediction |
Maker
MKR
|
0.8485415 |
details, prediction |
Fantom
FTM
|
0.83066905 |
details, prediction |
Crypto.com Chain
CRO
|
0.8218336 |
details, prediction |
ZCash
ZEC
|
0.7709818 |
details, prediction |
|
Second tier
|
Siacoin
SC
|
0.8765325 |
details, prediction |
Quant Network
QNT
|
0.8543239 |
details, prediction |
Decred
DCR
|
0.8376243 |
details, prediction |
Ethos (Bitquence)
BQX
|
0.8365935 |
details, prediction |
DigiByte
DGB
|
0.83558935 |
details, prediction |
|
Third tier
|
RevolutionVR
RVR
|
0.92579204 |
details, prediction |
BitKan
KAN
|
0.92456865 |
details, prediction |
Smartlands
SLT
|
0.89670473 |
details, prediction |
Enigma
ENG
|
0.893932 |
details, prediction |
CyberMiles
CMT
|
0.88956606 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Bodhi 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 Bodhi
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.15682873 |
details, prediction |
Matic Network
MATIC
|
0.26347 |
details, prediction |
Ethereum Classic
ETC
|
0.35526848 |
details, prediction |
Bitcoin Cash
BCH
|
0.51882565 |
details, prediction |
Bitcoin
BTC
|
0.54849005 |
details, prediction |
|
Second tier
|
SwissBorg
CHSB
|
-0.507782 |
details, prediction |
FirstBlood
1ST
|
-0.50184375 |
details, prediction |
HedgeTrade
HEDG
|
-0.3490207 |
details, prediction |
Huobi Token
HT
|
-0.24359635 |
details, prediction |
Synthetix Network Token
SNX
|
-0.21082087 |
details, prediction |
|
Third tier
|
Winchain
WIN
|
-0.8026504 |
details, prediction |
Vitae
VITAE
|
-0.7364417 |
details, prediction |
Hubiit
HBT
|
-0.7223799 |
details, prediction |
SIX
SIX
|
-0.7079563 |
details, prediction |
AICHAIN
AIT
|
-0.68433607 |
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)