Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
0.75732 |
details, prediction |
Bitcoin
BTC
|
0.7355694 |
details, prediction |
Binance Coin
BNB
|
0.7232508 |
details, prediction |
Ethereum Classic
ETC
|
0.7182854 |
details, prediction |
Dogecoin
DOGE
|
0.7144844 |
details, prediction |
|
Second tier
|
iEx.ec
RLC
|
0.8467687 |
details, prediction |
IOTA
IOT
|
0.8081455 |
details, prediction |
0x
ZRX
|
0.77080756 |
details, prediction |
Horizen
ZEN
|
0.7686044 |
details, prediction |
Zilliqa
ZIL
|
0.75452006 |
details, prediction |
|
Third tier
|
Bancor
BNT
|
0.7425507 |
details, prediction |
Stox
STX
|
0.7316222 |
details, prediction |
IoTeX
IOTX
|
0.71572214 |
details, prediction |
Power Ledger
POWR
|
0.7143983 |
details, prediction |
Civic
CVC
|
0.71196556 |
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
|
Stellar
XLM
|
-0.07307391 |
details, prediction |
TRON
TRX
|
0.15769736 |
details, prediction |
ZCash
ZEC
|
0.22516008 |
details, prediction |
Bitcoin Cash
BCH
|
0.54425466 |
details, prediction |
Crypto.com Chain
CRO
|
0.5846517 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.63361204 |
details, prediction |
Dai
DAI
|
-0.59642357 |
details, prediction |
True USD
TUSD
|
-0.2420442 |
details, prediction |
Telcoin
TEL
|
-0.044638574 |
details, prediction |
OriginTrail
TRAC
|
-0.017116202 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
-0.5383057 |
details, prediction |
Komodo
KMD
|
-0.119939454 |
details, prediction |
OPEN Platform
OPEN
|
0.020369472 |
details, prediction |
Matrix AI Network
MAN
|
0.045819324 |
details, prediction |
BABB
BAX
|
0.05198461 |
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)