Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
ChainLink
LINK
|
0.81063366 |
details, prediction |
SONM
SNM
|
0.7298844 |
details, prediction |
Cardano
ADA
|
0.6902062 |
details, prediction |
Fantom
FTM
|
0.64791566 |
details, prediction |
Matic Network
MATIC
|
0.6416316 |
details, prediction |
Second tier
|
Ravencoin
RVN
|
0.7639462 |
details, prediction |
OriginTrail
TRAC
|
0.7629759 |
details, prediction |
SysCoin
SYS
|
0.7578221 |
details, prediction |
ARK
ARK
|
0.752588 |
details, prediction |
Digix DAO
DGD
|
0.7365054 |
details, prediction |
Third tier
|
Dreamscape
DSC
|
0.8735137 |
details, prediction |
Phantasma
SOUL
|
0.8418962 |
details, prediction |
Enigma
ENG
|
0.8264006 |
details, prediction |
Presearch
PRE
|
0.82395583 |
details, prediction |
Ignis
IGNIS
|
0.81032723 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Blackmoon Crypto 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 Blackmoon Crypto
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
UNUS SED LEO
LEO
|
-0.6378114 |
details, prediction |
Dogecoin
DOGE
|
-0.025589302 |
details, prediction |
XRP
XRP
|
0.12974434 |
details, prediction |
Ethereum Classic
ETC
|
0.189801 |
details, prediction |
KuCoin Shares
KCS
|
0.30982354 |
details, prediction |
Second tier
|
Kyber Network
KNC
|
-0.6507506 |
details, prediction |
FTX Token
FTT
|
-0.19217059 |
details, prediction |
Waves
WAVES
|
-0.026936831 |
details, prediction |
Huobi Token
HT
|
0.12001042 |
details, prediction |
Theta Fuel
TFUEL
|
0.20122008 |
details, prediction |
Third tier
|
SmartMesh
SMT
|
-0.69223344 |
details, prediction |
SwftCoin
SWFTC
|
-0.4314807 |
details, prediction |
SibCoin
SIB
|
-0.41629466 |
details, prediction |
Achain
ACT
|
-0.4076071 |
details, prediction |
Quantstamp
QSP
|
-0.3882032 |
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)