Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.71448445 |
details, prediction |
Crypto.com Chain
CRO
|
0.5935242 |
details, prediction |
Bitcoin Cash
BCH
|
0.3570095 |
details, prediction |
Ethereum Classic
ETC
|
0.21024637 |
details, prediction |
XRP
XRP
|
0.08124498 |
details, prediction |
|
Second tier
|
Decred
DCR
|
0.8247229 |
details, prediction |
Verge
XVG
|
0.792904 |
details, prediction |
Telcoin
TEL
|
0.7909877 |
details, prediction |
Bitcoin Gold
BTG
|
0.73103386 |
details, prediction |
DigiByte
DGB
|
0.7175844 |
details, prediction |
|
Third tier
|
SysCoin
SYS
|
0.77542716 |
details, prediction |
Constellation
DAG
|
0.77164537 |
details, prediction |
Komodo
KMD
|
0.7714118 |
details, prediction |
Loopring
LRC
|
0.7625529 |
details, prediction |
Matrix AI Network
MAN
|
0.7334932 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that BABB 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 BABB
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
-0.78205925 |
details, prediction |
TRON
TRX
|
-0.72219867 |
details, prediction |
ZCash
ZEC
|
-0.69957286 |
details, prediction |
Ethereum
ETH
|
-0.5004214 |
details, prediction |
Dogecoin
DOGE
|
-0.47066307 |
details, prediction |
|
Second tier
|
iEx.ec
RLC
|
-0.6911649 |
details, prediction |
Ravencoin
RVN
|
-0.638024 |
details, prediction |
True USD
TUSD
|
-0.61774975 |
details, prediction |
Chiliz
CHZ
|
-0.6086611 |
details, prediction |
Status
SNT
|
-0.56007975 |
details, prediction |
|
Third tier
|
Metal
MTL
|
-0.7864886 |
details, prediction |
OPEN Platform
OPEN
|
-0.724014 |
details, prediction |
HEROcoin
PLAY
|
-0.68316615 |
details, prediction |
Electroneum
ETN
|
-0.67877483 |
details, prediction |
Enjin Coin
ENJ
|
-0.67426556 |
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)