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
|
Internet of Services
IOST
|
0.9345795 |
details, prediction |
Zilliqa
ZIL
|
0.9336301 |
details, prediction |
ARK
ARK
|
0.93267584 |
details, prediction |
ICON
ICX
|
0.9322673 |
details, prediction |
Kyber Network
KNC
|
0.93160963 |
details, prediction |
Third tier
|
Molecule
MOL
|
0.966213 |
details, prediction |
Tidex Token
TDX
|
0.9378497 |
details, prediction |
Nucleus Vision
NCASH
|
0.93220896 |
details, prediction |
Aion
AION
|
0.9310358 |
details, prediction |
Wanchain
WAN
|
0.92942953 |
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
|
USD//Coin
USDC
|
-0.36142313 |
details, prediction |
ChainLink
LINK
|
0.10062123 |
details, prediction |
XRP
XRP
|
0.13251743 |
details, prediction |
Maker
MKR
|
0.31153357 |
details, prediction |
Stellar
XLM
|
0.63541716 |
details, prediction |
Second tier
|
Paxos Standard
PAX
|
-0.7434085 |
details, prediction |
True USD
TUSD
|
-0.4889468 |
details, prediction |
Dai
DAI
|
-0.2929944 |
details, prediction |
XYO Network
XYO
|
-0.26092857 |
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)