Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Fantom
FTM
|
0.98554313 |
details, prediction |
Ethereum
ETH
|
0.9121084 |
details, prediction |
Bitcoin
BTC
|
0.9064519 |
details, prediction |
Binance Coin
BNB
|
0.9043569 |
details, prediction |
KuCoin Shares
KCS
|
0.9028344 |
details, prediction |
|
Second tier
|
Zilliqa
ZIL
|
0.9336301 |
details, prediction |
Status
SNT
|
0.9188848 |
details, prediction |
Aragon
ANT
|
0.9158071 |
details, prediction |
QTUM
QTUM
|
0.9156248 |
details, prediction |
aelf
ELF
|
0.9146835 |
details, prediction |
|
Third tier
|
Molecule
MOL
|
0.966213 |
details, prediction |
Tidex Token
TDX
|
0.9378497 |
details, prediction |
Internet of Services
IOST
|
0.9345795 |
details, prediction |
ARK
ARK
|
0.93267584 |
details, prediction |
ICON
ICX
|
0.9322673 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that BlitzPredict 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 BlitzPredict
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
0.10062123 |
details, prediction |
XRP
XRP
|
0.13251743 |
details, prediction |
Maker
MKR
|
0.31153357 |
details, prediction |
Stellar
XLM
|
0.63541716 |
details, prediction |
Dogecoin
DOGE
|
0.65099466 |
details, prediction |
|
Second tier
|
Paxos Standard
PAX
|
-0.7434085 |
details, prediction |
True USD
TUSD
|
-0.4889468 |
details, prediction |
USD//Coin
USDC
|
-0.36142313 |
details, prediction |
Dai
DAI
|
-0.2929944 |
details, prediction |
Nexo
NEXO
|
-0.080414586 |
details, prediction |
|
Third tier
|
Darico
DEC
|
-0.85213506 |
details, prediction |
CWV Chain
CWV
|
-0.78529304 |
details, prediction |
Factom
FCT
|
-0.6932707 |
details, prediction |
Gemini Dollar
GUSD
|
-0.6693426 |
details, prediction |
Nasdacoin
NSD
|
-0.66584617 |
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)