Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
NEO
NEO
|
0.8500378 |
details, prediction |
TRON
TRX
|
0.8069648 |
details, prediction |
Vechain
VET
|
0.80442715 |
details, prediction |
Crypto.com Chain
CRO
|
0.7937569 |
details, prediction |
Dogecoin
DOGE
|
0.7807632 |
details, prediction |
Second tier
|
Bitcoin Gold
BTG
|
0.9144738 |
details, prediction |
Siacoin
SC
|
0.8416253 |
details, prediction |
ZCash
ZEC
|
0.8305866 |
details, prediction |
Ethos (Bitquence)
BQX
|
0.8292793 |
details, prediction |
DigiByte
DGB
|
0.8257976 |
details, prediction |
Third tier
|
Santiment
SAN
|
0.90926206 |
details, prediction |
BlockNet
BLOCK
|
0.88916236 |
details, prediction |
Vexanium
VEX
|
0.8677247 |
details, prediction |
CyberMiles
CMT
|
0.866004 |
details, prediction |
Smartlands
SLT
|
0.8643736 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that RoBET 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 RoBET
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
USD//Coin
USDC
|
-0.46213704 |
details, prediction |
KuCoin Shares
KCS
|
-0.28300828 |
details, prediction |
Bitcoin
BTC
|
-0.1491209 |
details, prediction |
Tezos
XTZ
|
0.108054414 |
details, prediction |
Ethereum Classic
ETC
|
0.2774143 |
details, prediction |
Second tier
|
FirstBlood
1ST
|
-0.7519263 |
details, prediction |
HedgeTrade
HEDG
|
-0.7202815 |
details, prediction |
SwissBorg
CHSB
|
-0.60978425 |
details, prediction |
Synthetix Network Token
SNX
|
-0.55566233 |
details, prediction |
Dai
DAI
|
-0.44770533 |
details, prediction |
Third tier
|
AICHAIN
AIT
|
-0.7815539 |
details, prediction |
Digix Gold Token
DGX
|
-0.75043833 |
details, prediction |
Prizm
PZM
|
-0.7425026 |
details, prediction |
Seele
SEELE
|
-0.72668093 |
details, prediction |
Bitbook Gambling
BXK
|
-0.7204994 |
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)