Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.41967952 |
details, prediction |
Bitcoin
BTC
|
0.36469555 |
details, prediction |
Monero
XMR
|
0.36066192 |
details, prediction |
Crypto.com Chain
CRO
|
0.35395977 |
details, prediction |
Ethereum
ETH
|
0.32394835 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
0.5048486 |
details, prediction |
Nexo
NEXO
|
0.50217766 |
details, prediction |
Decred
DCR
|
0.48337123 |
details, prediction |
Telcoin
TEL
|
0.4363941 |
details, prediction |
Synthetix Network Token
SNX
|
0.42514294 |
details, prediction |
|
Third tier
|
Streamr DATAcoin
DATA
|
0.8887016 |
details, prediction |
NEM
XEM
|
0.6288997 |
details, prediction |
Matrix AI Network
MAN
|
0.6133021 |
details, prediction |
Dent
DENT
|
0.5277989 |
details, prediction |
Propy
PRO
|
0.48278558 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that BABB 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 BABB
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.5012269 |
details, prediction |
Binance Coin
BNB
|
0.036506303 |
details, prediction |
KuCoin Shares
KCS
|
0.095419295 |
details, prediction |
UNUS SED LEO
LEO
|
0.15257333 |
details, prediction |
ZCash
ZEC
|
0.17120498 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.33663926 |
details, prediction |
True USD
TUSD
|
-0.2780162 |
details, prediction |
Ravencoin
RVN
|
0.16367176 |
details, prediction |
Zilliqa
ZIL
|
0.17572644 |
details, prediction |
USD//Coin
USDC
|
0.2281257 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.46290925 |
details, prediction |
NKN
NKN
|
-0.35429415 |
details, prediction |
HEROcoin
PLAY
|
-0.2295558 |
details, prediction |
OPEN Platform
OPEN
|
-0.12979048 |
details, prediction |
Constellation
DAG
|
-0.0065017636 |
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)