Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
NEO
NEO
|
0.55125993 |
details, prediction |
TRON
TRX
|
0.54347384 |
details, prediction |
Fantom
FTM
|
0.44536537 |
details, prediction |
SONM
SNM
|
0.43484852 |
details, prediction |
Cosmos
ATOM
|
0.42544845 |
details, prediction |
Second tier
|
Storj
STORJ
|
0.59661365 |
details, prediction |
NEM
XEM
|
0.5965997 |
details, prediction |
FTX Token
FTT
|
0.5783186 |
details, prediction |
OmiseGo
OMG
|
0.5613362 |
details, prediction |
Gnosis
GNO
|
0.5559112 |
details, prediction |
Third tier
|
PinkCoin
PINK
|
0.776266 |
details, prediction |
Ubiq
UBQ
|
0.70101863 |
details, prediction |
Kcash
KCASH
|
0.6809909 |
details, prediction |
BCDiploma
BCDT
|
0.6602692 |
details, prediction |
SelfKey
KEY
|
0.65393 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that BitNewChain 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 BitNewChain
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Cardano
ADA
|
-0.556964 |
details, prediction |
Ethereum Classic
ETC
|
-0.42674968 |
details, prediction |
Vechain
VET
|
-0.40959653 |
details, prediction |
Tezos
XTZ
|
-0.38131702 |
details, prediction |
Stellar
XLM
|
-0.35483515 |
details, prediction |
Second tier
|
HedgeTrade
HEDG
|
-0.44517416 |
details, prediction |
Bitcoin SV
BSV
|
-0.44312584 |
details, prediction |
Propy
PRO
|
-0.42752716 |
details, prediction |
DigiByte
DGB
|
-0.40995213 |
details, prediction |
HoloToken
HOT
|
-0.40023103 |
details, prediction |
Third tier
|
Prizm
PZM
|
-0.72792715 |
details, prediction |
INS Ecosystem
INS
|
-0.65123874 |
details, prediction |
PrimeCoin
XPM
|
-0.6197143 |
details, prediction |
Peculium
PCL
|
-0.57040316 |
details, prediction |
DADI
DADI
|
-0.5414482 |
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)