Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Bitcoin Cash
BCH
|
0.67835534 |
details, prediction |
Stellar
XLM
|
0.6751755 |
details, prediction |
EOS
EOS
|
0.65703154 |
details, prediction |
Bitcoin
BTC
|
0.6442716 |
details, prediction |
Litecoin
LTC
|
0.6322142 |
details, prediction |
Second tier
|
Huobi Token
HT
|
0.6586195 |
details, prediction |
Ontology
ONT
|
0.61164325 |
details, prediction |
OmiseGo
OMG
|
0.60550916 |
details, prediction |
ICON
ICX
|
0.5881506 |
details, prediction |
BitTorrent
BTT
|
0.5873641 |
details, prediction |
Third tier
|
SpankChain
SPANK
|
0.7812873 |
details, prediction |
ODEM
ODEM
|
0.7303468 |
details, prediction |
BitKan
KAN
|
0.6777757 |
details, prediction |
DigiCube
CUBE
|
0.673218 |
details, prediction |
Loopring [Neo]
LRN
|
0.6707748 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Sakura Bloom 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 Sakura Bloom
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Tezos
XTZ
|
-0.33926764 |
details, prediction |
Matic Network
MATIC
|
-0.2658846 |
details, prediction |
Cosmos
ATOM
|
-0.1792795 |
details, prediction |
USD//Coin
USDC
|
-0.17076005 |
details, prediction |
Vechain
VET
|
-0.08120062 |
details, prediction |
Second tier
|
FTX Token
FTT
|
-0.5051015 |
details, prediction |
Digix DAO
DGD
|
-0.44626737 |
details, prediction |
Synthetix Network Token
SNX
|
-0.4193609 |
details, prediction |
HedgeTrade
HEDG
|
-0.40274596 |
details, prediction |
Horizen
ZEN
|
-0.27501792 |
details, prediction |
Third tier
|
Tycoon Global
TCT
|
-0.6211548 |
details, prediction |
TE-FOOD
TFD
|
-0.5472273 |
details, prediction |
GoChain
GO
|
-0.51138717 |
details, prediction |
Blockport
BPT
|
-0.4848343 |
details, prediction |
Ecoreal Estate
ECOREAL
|
-0.43132994 |
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)