Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.8288665 |
details, prediction |
Ethereum Classic
ETC
|
0.64571774 |
details, prediction |
KuCoin Shares
KCS
|
0.56463933 |
details, prediction |
Bitcoin Cash
BCH
|
0.52884454 |
details, prediction |
Litecoin
LTC
|
0.45807046 |
details, prediction |
|
Second tier
|
Waves
WAVES
|
0.9186509 |
details, prediction |
Zilliqa
ZIL
|
0.8818257 |
details, prediction |
Status
SNT
|
0.8799277 |
details, prediction |
Chiliz
CHZ
|
0.8700046 |
details, prediction |
Synthetix Network Token
SNX
|
0.7944187 |
details, prediction |
|
Third tier
|
Enjin Coin
ENJ
|
0.9009219 |
details, prediction |
PIVX
PIVX
|
0.8666885 |
details, prediction |
SwftCoin
SWFTC
|
0.85646194 |
details, prediction |
Kambria
KAT
|
0.72954327 |
details, prediction |
Elastos
ELA
|
0.6458899 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Basic Attention Token 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 Basic Attention Token
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Monero
XMR
|
0.0141259935 |
details, prediction |
Ethereum
ETH
|
0.087059535 |
details, prediction |
TRON
TRX
|
0.09618604 |
details, prediction |
Binance Coin
BNB
|
0.14498657 |
details, prediction |
ChainLink
LINK
|
0.15406378 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
-0.4503609 |
details, prediction |
Ravencoin
RVN
|
0.12202671 |
details, prediction |
Decred
DCR
|
0.15662545 |
details, prediction |
USD//Coin
USDC
|
0.24571703 |
details, prediction |
True USD
TUSD
|
0.2769896 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.40623045 |
details, prediction |
HEROcoin
PLAY
|
-0.3486016 |
details, prediction |
V Systems
VSYS
|
-0.27559122 |
details, prediction |
AdEx
ADX
|
-0.16707595 |
details, prediction |
NKN
NKN
|
-0.13263293 |
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)