Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin
BTC
|
0.9432318 |
details, prediction |
ChainLink
LINK
|
0.92883605 |
details, prediction |
Dogecoin
DOGE
|
0.8942661 |
details, prediction |
Ethereum Classic
ETC
|
0.8917623 |
details, prediction |
Monero
XMR
|
0.87356657 |
details, prediction |
|
Second tier
|
Theta
THETA
|
0.90093285 |
details, prediction |
Synthetix Network Token
SNX
|
0.884824 |
details, prediction |
Horizen
ZEN
|
0.8840687 |
details, prediction |
iEx.ec
RLC
|
0.8688906 |
details, prediction |
NEO
NEO
|
0.8553674 |
details, prediction |
|
Third tier
|
Storj
STORJ
|
0.89062375 |
details, prediction |
Stox
STX
|
0.8812061 |
details, prediction |
Civic
CVC
|
0.81216234 |
details, prediction |
Internet of Services
IOST
|
0.8065983 |
details, prediction |
HEROcoin
PLAY
|
0.80306697 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Bancor 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 Bancor
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.44685704 |
details, prediction |
ZCash
ZEC
|
0.43284616 |
details, prediction |
TRON
TRX
|
0.43766105 |
details, prediction |
Bitcoin Cash
BCH
|
0.64739597 |
details, prediction |
Crypto.com Chain
CRO
|
0.668978 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.7658412 |
details, prediction |
Dai
DAI
|
-0.70178586 |
details, prediction |
True USD
TUSD
|
-0.39286378 |
details, prediction |
Telcoin
TEL
|
0.2130326 |
details, prediction |
OriginTrail
TRAC
|
0.2616126 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
-0.80879194 |
details, prediction |
Komodo
KMD
|
-0.4247417 |
details, prediction |
NKN
NKN
|
-0.025878744 |
details, prediction |
Matrix AI Network
MAN
|
0.031517964 |
details, prediction |
BABB
BAX
|
0.06828522 |
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)