Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.5048782 |
details, prediction |
Stellar
XLM
|
0.36807474 |
details, prediction |
Dogecoin
DOGE
|
0.31081483 |
details, prediction |
KuCoin Shares
KCS
|
0.30479303 |
details, prediction |
XRP
XRP
|
0.15769532 |
details, prediction |
|
Second tier
|
Chiliz
CHZ
|
0.5820497 |
details, prediction |
Ravencoin
RVN
|
0.56039155 |
details, prediction |
Telcoin
TEL
|
0.5352382 |
details, prediction |
FTX Token
FTT
|
0.4962641 |
details, prediction |
Waves
WAVES
|
0.4934825 |
details, prediction |
|
Third tier
|
Power Ledger
POWR
|
0.699199 |
details, prediction |
Electroneum
ETN
|
0.6921608 |
details, prediction |
ICON
ICX
|
0.6644675 |
details, prediction |
PIVX
PIVX
|
0.6623715 |
details, prediction |
Internet of Services
IOST
|
0.6101015 |
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
|
Binance Coin
BNB
|
-0.7770015 |
details, prediction |
ChainLink
LINK
|
-0.6984501 |
details, prediction |
Monero
XMR
|
-0.66691065 |
details, prediction |
Ethereum
ETH
|
-0.6449413 |
details, prediction |
Cardano
ADA
|
-0.5078087 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
-0.62313664 |
details, prediction |
Bitcoin Gold
BTG
|
-0.5555486 |
details, prediction |
Decred
DCR
|
-0.44813576 |
details, prediction |
Bitcoin SV
BSV
|
-0.33294722 |
details, prediction |
HoloToken
HOT
|
-0.20825706 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.5234037 |
details, prediction |
V Systems
VSYS
|
-0.47548783 |
details, prediction |
Constellation
DAG
|
-0.38047034 |
details, prediction |
AdEx
ADX
|
-0.3696591 |
details, prediction |
OPEN Platform
OPEN
|
-0.31311616 |
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)