Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Bitcoin SV
BSV
|
0.7301473 |
details, prediction |
XRP
XRP
|
0.52645093 |
details, prediction |
Maker
MKR
|
0.49352247 |
details, prediction |
IOTA
IOT
|
0.4567062 |
details, prediction |
ChainLink
LINK
|
0.2644587 |
details, prediction |
Second tier
|
Waves
WAVES
|
0.758947 |
details, prediction |
Ethos (Bitquence)
BQX
|
0.65586066 |
details, prediction |
BitTorrent
BTT
|
0.62838835 |
details, prediction |
AMO Coin
AMO
|
0.55810034 |
details, prediction |
ARK
ARK
|
0.45927694 |
details, prediction |
Third tier
|
Tidex Token
TDX
|
0.89981073 |
details, prediction |
Vitae
VITAE
|
0.88259083 |
details, prediction |
BHPCash
BHPC
|
0.8623724 |
details, prediction |
Bulwark
BWK
|
0.84261733 |
details, prediction |
FLASH coin
FLASH
|
0.78557 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that GoByte 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 GoByte
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Tezos
XTZ
|
-0.43689853 |
details, prediction |
Bitcoin
BTC
|
-0.3578718 |
details, prediction |
Binance Coin
BNB
|
-0.35536292 |
details, prediction |
USD//Coin
USDC
|
-0.2783099 |
details, prediction |
Bitcoin Cash
BCH
|
-0.25441593 |
details, prediction |
Second tier
|
MonaCoin
MONA
|
-0.6508556 |
details, prediction |
Digix DAO
DGD
|
-0.620132 |
details, prediction |
Basic Attention Token
BAT
|
-0.46837863 |
details, prediction |
FirstBlood
1ST
|
-0.38071987 |
details, prediction |
Nano
NANO
|
-0.36040473 |
details, prediction |
Third tier
|
Eternal token
XET
|
-0.8995122 |
details, prediction |
WeAreSatoshi
WSX
|
-0.8633369 |
details, prediction |
RealTract
RET
|
-0.72545546 |
details, prediction |
Token as a Service
TAAS
|
-0.6781625 |
details, prediction |
Insights Network
INSTAR
|
-0.67657024 |
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)