Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
SONM
SNM
|
0.8442045 |
details, prediction |
UNUS SED LEO
LEO
|
0.830739 |
details, prediction |
Matic Network
MATIC
|
0.7608809 |
details, prediction |
Stellar
XLM
|
0.65113044 |
details, prediction |
Cardano
ADA
|
0.5391315 |
details, prediction |
|
Second tier
|
Nano
NANO
|
0.8074945 |
details, prediction |
Waves
WAVES
|
0.79385746 |
details, prediction |
Power Ledger
POWR
|
0.7912785 |
details, prediction |
Polymath Network
POLY
|
0.763055 |
details, prediction |
Theta Fuel
TFUEL
|
0.7580161 |
details, prediction |
|
Third tier
|
GXChain
GXC
|
0.89200664 |
details, prediction |
NAGA
NGC
|
0.8664644 |
details, prediction |
CloakCoin
CLOAK
|
0.85514706 |
details, prediction |
FunFair
FUN
|
0.85093117 |
details, prediction |
ZClassic
ZCL
|
0.8484877 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that BitSend 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 BitSend
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
-0.65582126 |
details, prediction |
Bitcoin
BTC
|
-0.5127897 |
details, prediction |
KuCoin Shares
KCS
|
-0.3977059 |
details, prediction |
Crypto.com Chain
CRO
|
-0.3487297 |
details, prediction |
Dogecoin
DOGE
|
-0.32187834 |
details, prediction |
|
Second tier
|
Quant Network
QNT
|
-0.8092455 |
details, prediction |
Huobi Token
HT
|
-0.596518 |
details, prediction |
Dai
DAI
|
-0.48954594 |
details, prediction |
True USD
TUSD
|
-0.48384488 |
details, prediction |
USD//Coin
USDC
|
-0.42602327 |
details, prediction |
|
Third tier
|
Vitae
VITAE
|
-0.8950797 |
details, prediction |
BipCoin
BIP
|
-0.8877611 |
details, prediction |
Tidex Token
TDX
|
-0.87670887 |
details, prediction |
V Systems
VSYS
|
-0.86820596 |
details, prediction |
RealTract
RET
|
-0.8401671 |
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)