Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
SONM
SNM
|
0.7501356 |
details, prediction |
Theta
THETA
|
0.70110095 |
details, prediction |
TRON
TRX
|
0.6613574 |
details, prediction |
NEO
NEO
|
0.6505273 |
details, prediction |
Binance Coin
BNB
|
0.6178338 |
details, prediction |
Second tier
|
Ontology
ONT
|
0.77420366 |
details, prediction |
ICON
ICX
|
0.7366986 |
details, prediction |
Loopring
LRC
|
0.7218136 |
details, prediction |
Nexo
NEXO
|
0.7152157 |
details, prediction |
Ethos (Bitquence)
BQX
|
0.71062416 |
details, prediction |
Third tier
|
Tidex Token
TDX
|
0.9474054 |
details, prediction |
Omni
OMNI
|
0.8050258 |
details, prediction |
BitKan
KAN
|
0.78530526 |
details, prediction |
ArcBlock
ABT
|
0.783339 |
details, prediction |
COSS
COSS
|
0.77671 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Biotron 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 Biotron
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
ChainLink
LINK
|
-0.62225574 |
details, prediction |
Dogecoin
DOGE
|
-0.2714431 |
details, prediction |
Stellar
XLM
|
-0.2611663 |
details, prediction |
Bitcoin
BTC
|
-0.12842393 |
details, prediction |
Vechain
VET
|
0.14069852 |
details, prediction |
Second tier
|
HoloToken
HOT
|
-0.37188268 |
details, prediction |
True USD
TUSD
|
-0.3230638 |
details, prediction |
Horizen
ZEN
|
-0.008623505 |
details, prediction |
Dai
DAI
|
0.016873507 |
details, prediction |
Ravencoin
RVN
|
0.031025626 |
details, prediction |
Third tier
|
Metaverse
ETP
|
-0.73919404 |
details, prediction |
Bulwark
BWK
|
-0.5033088 |
details, prediction |
Speed Mining Service
SMS
|
-0.45407858 |
details, prediction |
Spectre
XSPEC
|
-0.4410361 |
details, prediction |
Morpheus Network
MORPH
|
-0.3830706 |
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)