Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin
BTC
|
0.97127736 |
details, prediction |
XRP
XRP
|
0.96611404 |
details, prediction |
ChainLink
LINK
|
0.95055866 |
details, prediction |
Dogecoin
DOGE
|
0.94824076 |
details, prediction |
Ethereum
ETH
|
0.94749975 |
details, prediction |
|
Second tier
|
Nexo
NEXO
|
0.93514144 |
details, prediction |
QTUM
QTUM
|
0.93281865 |
details, prediction |
Theta
THETA
|
0.92942125 |
details, prediction |
0x
ZRX
|
0.89516103 |
details, prediction |
Vechain
VET
|
0.88663274 |
details, prediction |
|
Third tier
|
Gas
GAS
|
0.9103491 |
details, prediction |
Stox
STX
|
0.9038967 |
details, prediction |
Ontology
ONT
|
0.89892083 |
details, prediction |
Hydro Protocol
HOT
|
0.8456333 |
details, prediction |
SingularityNET
AGI
|
0.82186514 |
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
|
TRON
TRX
|
0.39977014 |
details, prediction |
Stellar
XLM
|
0.61809504 |
details, prediction |
KuCoin Shares
KCS
|
0.6691593 |
details, prediction |
Monero
XMR
|
0.8444576 |
details, prediction |
Bitcoin Cash
BCH
|
0.85245293 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
-0.6236502 |
details, prediction |
USD//Coin
USDC
|
-0.43231404 |
details, prediction |
True USD
TUSD
|
-0.39766917 |
details, prediction |
aelf
ELF
|
-0.20288253 |
details, prediction |
Telcoin
TEL
|
-0.11442395 |
details, prediction |
|
Third tier
|
ICON
ICX
|
-0.7686759 |
details, prediction |
Matrix AI Network
MAN
|
-0.75068897 |
details, prediction |
NKN
NKN
|
-0.73354495 |
details, prediction |
OPEN Platform
OPEN
|
-0.66183484 |
details, prediction |
Storj
STORJ
|
-0.6167389 |
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)