Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.67835534 |
details, prediction |
Stellar
XLM
|
0.6751755 |
details, prediction |
Bitcoin
BTC
|
0.6442716 |
details, prediction |
Litecoin
LTC
|
0.6322142 |
details, prediction |
Binance Coin
BNB
|
0.62791854 |
details, prediction |
|
Second tier
|
Huobi Token
HT
|
0.6586195 |
details, prediction |
EOS
EOS
|
0.65703154 |
details, prediction |
BitTorrent
BTT
|
0.5873641 |
details, prediction |
Bitcoin Gold
BTG
|
0.5836803 |
details, prediction |
DASH
DASH
|
0.57327205 |
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 |
Nuls
NULS
|
0.6644677 |
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
|
Matic Network
MATIC
|
-0.2658846 |
details, prediction |
SONM
SNM
|
-0.036092695 |
details, prediction |
Maker
MKR
|
0.22773197 |
details, prediction |
ChainLink
LINK
|
0.23501277 |
details, prediction |
Fantom
FTM
|
0.31081033 |
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 |
Tezos
XTZ
|
-0.33926764 |
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)