Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.80783135 |
details, prediction |
KuCoin Shares
KCS
|
0.5468646 |
details, prediction |
Ethereum Classic
ETC
|
0.49553776 |
details, prediction |
Dogecoin
DOGE
|
0.29004088 |
details, prediction |
Bitcoin Cash
BCH
|
0.22421166 |
details, prediction |
|
Second tier
|
Waves
WAVES
|
0.9153016 |
details, prediction |
Chiliz
CHZ
|
0.89324725 |
details, prediction |
Zilliqa
ZIL
|
0.86017513 |
details, prediction |
Status
SNT
|
0.82216763 |
details, prediction |
Telcoin
TEL
|
0.8024226 |
details, prediction |
|
Third tier
|
SwftCoin
SWFTC
|
0.8780275 |
details, prediction |
PIVX
PIVX
|
0.86143583 |
details, prediction |
Enjin Coin
ENJ
|
0.8496796 |
details, prediction |
Kambria
KAT
|
0.7954291 |
details, prediction |
LAToken
LA
|
0.64768887 |
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
|
Monero
XMR
|
-0.29786232 |
details, prediction |
Ethereum
ETH
|
-0.2379068 |
details, prediction |
ChainLink
LINK
|
-0.23492119 |
details, prediction |
Cardano
ADA
|
-0.21191044 |
details, prediction |
Binance Coin
BNB
|
-0.1451673 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
-0.69111145 |
details, prediction |
Dai
DAI
|
-0.21747594 |
details, prediction |
Decred
DCR
|
-0.21326584 |
details, prediction |
Bitcoin SV
BSV
|
-0.12464587 |
details, prediction |
HoloToken
HOT
|
0.06031781 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.5484134 |
details, prediction |
AdEx
ADX
|
-0.27220777 |
details, prediction |
Constellation
DAG
|
-0.16649348 |
details, prediction |
NKN
NKN
|
-0.14973307 |
details, prediction |
Dent
DENT
|
-0.1355454 |
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)