Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.76535106 |
details, prediction |
Crypto.com Chain
CRO
|
0.6892522 |
details, prediction |
KuCoin Shares
KCS
|
0.6551768 |
details, prediction |
Litecoin
LTC
|
0.6495114 |
details, prediction |
Cardano
ADA
|
0.61754906 |
details, prediction |
|
Second tier
|
Verge
XVG
|
0.8381813 |
details, prediction |
Decred
DCR
|
0.75669795 |
details, prediction |
Waves
WAVES
|
0.74680007 |
details, prediction |
aelf
ELF
|
0.73986727 |
details, prediction |
Bitcoin Gold
BTG
|
0.7282689 |
details, prediction |
|
Third tier
|
SysCoin
SYS
|
0.8847113 |
details, prediction |
Dent
DENT
|
0.88420755 |
details, prediction |
Phantasma
SOUL
|
0.858235 |
details, prediction |
SingularityNET
AGI
|
0.8414925 |
details, prediction |
FunFair
FUN
|
0.81456256 |
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
|
ZCash
ZEC
|
-0.8440085 |
details, prediction |
Stellar
XLM
|
-0.544256 |
details, prediction |
TRON
TRX
|
-0.4603845 |
details, prediction |
Monero
XMR
|
-0.04559029 |
details, prediction |
Binance Coin
BNB
|
-0.038330223 |
details, prediction |
|
Second tier
|
Telcoin
TEL
|
-0.68128425 |
details, prediction |
OriginTrail
TRAC
|
-0.5764585 |
details, prediction |
DASH
DASH
|
-0.54045403 |
details, prediction |
Cosmos
ATOM
|
-0.2019019 |
details, prediction |
Dai
DAI
|
-0.0982112 |
details, prediction |
|
Third tier
|
Chronobank
TIME
|
-0.52887243 |
details, prediction |
V Systems
VSYS
|
-0.45600164 |
details, prediction |
Enjin Coin
ENJ
|
-0.1241141 |
details, prediction |
OPEN Platform
OPEN
|
-0.10603447 |
details, prediction |
HEROcoin
PLAY
|
-0.054886363 |
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)