Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Litecoin
LTC
|
0.62810683 |
details, prediction |
Monero
XMR
|
0.52492046 |
details, prediction |
NEO
NEO
|
0.47208202 |
details, prediction |
Bitcoin
BTC
|
0.41389227 |
details, prediction |
Ethereum Classic
ETC
|
0.31662008 |
details, prediction |
Second tier
|
Digix DAO
DGD
|
0.7890001 |
details, prediction |
SwissBorg
CHSB
|
0.7782465 |
details, prediction |
Nano
NANO
|
0.6859386 |
details, prediction |
Dent
DENT
|
0.6150715 |
details, prediction |
Lisk
LSK
|
0.561027 |
details, prediction |
Third tier
|
Uquid Coin
UQC
|
0.8365213 |
details, prediction |
BitDice
CSNO
|
0.813166 |
details, prediction |
Pura
PURA
|
0.79499096 |
details, prediction |
CanYaCoin
CAN
|
0.7890617 |
details, prediction |
FeatherCoin
FTC
|
0.7821604 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that BitTokens 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 BitTokens
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Binance Coin
BNB
|
-0.56160897 |
details, prediction |
Theta
THETA
|
-0.3981066 |
details, prediction |
EOS
EOS
|
-0.3925866 |
details, prediction |
TRON
TRX
|
-0.34195185 |
details, prediction |
SONM
SNM
|
-0.24269871 |
details, prediction |
Second tier
|
Huobi Token
HT
|
-0.6450643 |
details, prediction |
Ontology
ONT
|
-0.58345556 |
details, prediction |
Decred
DCR
|
-0.5575342 |
details, prediction |
Zilliqa
ZIL
|
-0.45885614 |
details, prediction |
0x
ZRX
|
-0.45281827 |
details, prediction |
Third tier
|
Lympo
LYM
|
-0.6088975 |
details, prediction |
CyberMiles
CMT
|
-0.59164447 |
details, prediction |
Pundi X [OLD]
PXS
|
-0.58686954 |
details, prediction |
Nework
NKC
|
-0.57399 |
details, prediction |
Adshares
ADST
|
-0.5691006 |
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)