Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
XRP
XRP
|
0.8716003 |
details, prediction |
Dogecoin
DOGE
|
0.81926113 |
details, prediction |
Bitcoin
BTC
|
0.8181634 |
details, prediction |
KuCoin Shares
KCS
|
0.8160308 |
details, prediction |
Ethereum
ETH
|
0.773546 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
0.7412819 |
details, prediction |
Bitcoin Gold
BTG
|
0.7171913 |
details, prediction |
NEO
NEO
|
0.7025365 |
details, prediction |
Status
SNT
|
0.6866143 |
details, prediction |
Tezos
XTZ
|
0.68621415 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
0.7034632 |
details, prediction |
Chronobank
TIME
|
0.70149857 |
details, prediction |
QuarkChain
QKC
|
0.6779597 |
details, prediction |
Internet of Services
IOST
|
0.6720697 |
details, prediction |
ARK
ARK
|
0.66610384 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Binance Coin 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 Binance Coin
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.24413599 |
details, prediction |
ChainLink
LINK
|
0.28896517 |
details, prediction |
Crypto.com Chain
CRO
|
0.34374636 |
details, prediction |
Bitcoin Cash
BCH
|
0.48146376 |
details, prediction |
UNUS SED LEO
LEO
|
0.4969306 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.22452794 |
details, prediction |
Nexo
NEXO
|
-0.043611363 |
details, prediction |
Dai
DAI
|
-0.0020387687 |
details, prediction |
Cosmos
ATOM
|
0.14546478 |
details, prediction |
USD//Coin
USDC
|
0.16621539 |
details, prediction |
|
Third tier
|
Propy
PRO
|
-0.28632915 |
details, prediction |
OPEN Platform
OPEN
|
-0.25721583 |
details, prediction |
Ontology
ONT
|
-0.18346918 |
details, prediction |
Dent
DENT
|
-0.18302034 |
details, prediction |
FunFair
FUN
|
-0.033966903 |
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)