Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Monero
XMR
|
0.80581576 |
details, prediction |
Bitcoin Cash
BCH
|
0.8001666 |
details, prediction |
Bitcoin
BTC
|
0.7690523 |
details, prediction |
Cardano
ADA
|
0.75965494 |
details, prediction |
Ethereum Classic
ETC
|
0.7529525 |
details, prediction |
|
Second tier
|
Ardor
ARDR
|
0.93135154 |
details, prediction |
Bitcoin Gold
BTG
|
0.9068339 |
details, prediction |
Theta Fuel
TFUEL
|
0.8987172 |
details, prediction |
Request Network
REQ
|
0.8963912 |
details, prediction |
Siacoin
SC
|
0.8879592 |
details, prediction |
|
Third tier
|
Chronobank
TIME
|
0.94794756 |
details, prediction |
Elastos
ELA
|
0.9432781 |
details, prediction |
Komodo
KMD
|
0.91961867 |
details, prediction |
Loopring
LRC
|
0.90981114 |
details, prediction |
IoTeX
IOTX
|
0.8798206 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that BOScoin 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 BOScoin
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.64822686 |
details, prediction |
UNUS SED LEO
LEO
|
-0.2579845 |
details, prediction |
ChainLink
LINK
|
0.5302897 |
details, prediction |
Stellar
XLM
|
0.60372996 |
details, prediction |
Crypto.com Chain
CRO
|
0.63644034 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.29257515 |
details, prediction |
Dai
DAI
|
-0.14962152 |
details, prediction |
Nexo
NEXO
|
0.06135117 |
details, prediction |
True USD
TUSD
|
0.3199851 |
details, prediction |
Verge
XVG
|
0.45952758 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.5257096 |
details, prediction |
Dent
DENT
|
-0.36967814 |
details, prediction |
Propy
PRO
|
-0.10342023 |
details, prediction |
FunFair
FUN
|
-0.016591862 |
details, prediction |
NKN
NKN
|
0.011243934 |
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)