Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
XRP
XRP
|
0.76511264 |
details, prediction |
Crypto.com Chain
CRO
|
0.7585467 |
details, prediction |
Litecoin
LTC
|
0.750999 |
details, prediction |
ChainLink
LINK
|
0.65063596 |
details, prediction |
Ethereum Classic
ETC
|
0.57006425 |
details, prediction |
|
Second tier
|
aelf
ELF
|
0.61006594 |
details, prediction |
NEO
NEO
|
0.5720499 |
details, prediction |
Tezos
XTZ
|
0.5628666 |
details, prediction |
Status
SNT
|
0.53871113 |
details, prediction |
Telcoin
TEL
|
0.5289252 |
details, prediction |
|
Third tier
|
Chronobank
TIME
|
0.6709837 |
details, prediction |
Stox
STX
|
0.6156683 |
details, prediction |
Kambria
KAT
|
0.5946881 |
details, prediction |
SwftCoin
SWFTC
|
0.5737651 |
details, prediction |
Hydro Protocol
HOT
|
0.5375683 |
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
|
-0.0843929 |
details, prediction |
Bitcoin Cash
BCH
|
0.011536363 |
details, prediction |
ZCash
ZEC
|
0.23504072 |
details, prediction |
Ethereum
ETH
|
0.24727891 |
details, prediction |
Bitcoin
BTC
|
0.35846713 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.43940887 |
details, prediction |
Dai
DAI
|
-0.38984394 |
details, prediction |
True USD
TUSD
|
-0.24758582 |
details, prediction |
Algorand
ALGO
|
-0.016790172 |
details, prediction |
Verge
XVG
|
0.01698226 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.459968 |
details, prediction |
NKN
NKN
|
-0.34667847 |
details, prediction |
Phantasma
SOUL
|
-0.34622443 |
details, prediction |
OPEN Platform
OPEN
|
-0.070330694 |
details, prediction |
Gas
GAS
|
-0.04504643 |
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)