Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
KuCoin Shares
KCS
|
0.78266877 |
details, prediction |
Maker
MKR
|
0.74150646 |
details, prediction |
USD//Coin
USDC
|
0.5715838 |
details, prediction |
Bitcoin Cash
BCH
|
0.49245113 |
details, prediction |
TRON
TRX
|
0.46418348 |
details, prediction |
Second tier
|
ZCash
ZEC
|
0.6885889 |
details, prediction |
OriginTrail
TRAC
|
0.6867676 |
details, prediction |
DASH
DASH
|
0.6840562 |
details, prediction |
iEx.ec
RLC
|
0.6762349 |
details, prediction |
ARK
ARK
|
0.6592984 |
details, prediction |
Third tier
|
Kambria
KAT
|
0.87306297 |
details, prediction |
Game
GTC
|
0.72787184 |
details, prediction |
Streamr DATAcoin
DATA
|
0.72408456 |
details, prediction |
Wanchain
WAN
|
0.69761604 |
details, prediction |
SwftCoin
SWFTC
|
0.6858946 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Bottos 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 Bottos
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Chiliz
CHZ
|
-0.34215137 |
details, prediction |
EOS
EOS
|
-0.3207996 |
details, prediction |
Cosmos
ATOM
|
-0.25811467 |
details, prediction |
UNUS SED LEO
LEO
|
-0.23933022 |
details, prediction |
Cardano
ADA
|
-0.17875582 |
details, prediction |
Second tier
|
Kyber Network
KNC
|
-0.36451313 |
details, prediction |
Ravencoin
RVN
|
-0.16526982 |
details, prediction |
XYO Network
XYO
|
-0.03087384 |
details, prediction |
Synthetix Network Token
SNX
|
-0.028023891 |
details, prediction |
Telcoin
TEL
|
-0.024272064 |
details, prediction |
Third tier
|
Tierion
TNT
|
-0.64037097 |
details, prediction |
CoinDash
CDT
|
-0.6284872 |
details, prediction |
Achain
ACT
|
-0.52800137 |
details, prediction |
RubyCoin
RBY
|
-0.5033699 |
details, prediction |
Tidex Token
TDX
|
-0.48953822 |
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)