Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.6272451 |
details, prediction |
Ethereum Classic
ETC
|
0.49920672 |
details, prediction |
Stellar
XLM
|
0.47533545 |
details, prediction |
XRP
XRP
|
0.46171877 |
details, prediction |
KuCoin Shares
KCS
|
0.36824247 |
details, prediction |
|
Second tier
|
Telcoin
TEL
|
0.7199485 |
details, prediction |
Cosmos
ATOM
|
0.71476847 |
details, prediction |
FTX Token
FTT
|
0.6754844 |
details, prediction |
Basic Attention Token
BAT
|
0.63781846 |
details, prediction |
OriginTrail
TRAC
|
0.62411416 |
details, prediction |
|
Third tier
|
Metal
MTL
|
0.725298 |
details, prediction |
PIVX
PIVX
|
0.6794761 |
details, prediction |
ICON
ICX
|
0.67768776 |
details, prediction |
SwftCoin
SWFTC
|
0.67694503 |
details, prediction |
SingularityNET
AGI
|
0.6731173 |
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
|
Ethereum
ETH
|
-0.46301898 |
details, prediction |
Monero
XMR
|
-0.3837255 |
details, prediction |
TRON
TRX
|
-0.3561819 |
details, prediction |
ChainLink
LINK
|
-0.31918988 |
details, prediction |
ZCash
ZEC
|
-0.26863122 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
-0.6213291 |
details, prediction |
Bitcoin SV
BSV
|
-0.56586164 |
details, prediction |
HoloToken
HOT
|
-0.34883276 |
details, prediction |
Decred
DCR
|
-0.3439198 |
details, prediction |
Bitcoin Gold
BTG
|
-0.19615547 |
details, prediction |
|
Third tier
|
Dero
DERO
|
-0.9128836 |
details, prediction |
NKN
NKN
|
-0.8127364 |
details, prediction |
V Systems
VSYS
|
-0.7312935 |
details, prediction |
SysCoin
SYS
|
-0.4747549 |
details, prediction |
Propy
PRO
|
-0.44657117 |
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)