Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.93248063 |
details, prediction |
Bitcoin Cash
BCH
|
0.8717852 |
details, prediction |
Cardano
ADA
|
0.8462605 |
details, prediction |
Ethereum Classic
ETC
|
0.83736306 |
details, prediction |
XRP
XRP
|
0.78230107 |
details, prediction |
|
Second tier
|
Decentraland
MANA
|
0.956796 |
details, prediction |
Vechain
VET
|
0.9521167 |
details, prediction |
Status
SNT
|
0.93015593 |
details, prediction |
Waves
WAVES
|
0.9081605 |
details, prediction |
Theta Fuel
TFUEL
|
0.90672696 |
details, prediction |
|
Third tier
|
Civic
CVC
|
0.9454467 |
details, prediction |
Internet of Services
IOST
|
0.927453 |
details, prediction |
SingularityNET
AGI
|
0.92151916 |
details, prediction |
IoTeX
IOTX
|
0.9176638 |
details, prediction |
ICON
ICX
|
0.91711855 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Basic Attention Token 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 Basic Attention Token
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.60884005 |
details, prediction |
UNUS SED LEO
LEO
|
-0.15991779 |
details, prediction |
ZCash
ZEC
|
0.037128344 |
details, prediction |
Ethereum
ETH
|
0.22172728 |
details, prediction |
Bitcoin
BTC
|
0.26283562 |
details, prediction |
|
Second tier
|
Nexo
NEXO
|
-0.331239 |
details, prediction |
Decred
DCR
|
-0.29438442 |
details, prediction |
Algorand
ALGO
|
-0.03493871 |
details, prediction |
Bitcoin SV
BSV
|
-0.005962958 |
details, prediction |
HoloToken
HOT
|
0.076631084 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.4696713 |
details, prediction |
V Systems
VSYS
|
-0.36335048 |
details, prediction |
OPEN Platform
OPEN
|
-0.2583706 |
details, prediction |
Propy
PRO
|
-0.22669989 |
details, prediction |
Steem
STEEM
|
-0.20003608 |
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)