Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
0.70678073 |
details, prediction |
XRP
XRP
|
0.7024085 |
details, prediction |
Litecoin
LTC
|
0.6421037 |
details, prediction |
Ethereum Classic
ETC
|
0.5596122 |
details, prediction |
Monero
XMR
|
0.5384993 |
details, prediction |
|
Second tier
|
NEO
NEO
|
0.5278575 |
details, prediction |
Telcoin
TEL
|
0.51483727 |
details, prediction |
Cosmos
ATOM
|
0.505538 |
details, prediction |
Status
SNT
|
0.46634203 |
details, prediction |
HoloToken
HOT
|
0.38807562 |
details, prediction |
|
Third tier
|
Chronobank
TIME
|
0.6176766 |
details, prediction |
Bancor
BNT
|
0.5440112 |
details, prediction |
Stox
STX
|
0.514869 |
details, prediction |
SwftCoin
SWFTC
|
0.46608776 |
details, prediction |
Storj
STORJ
|
0.44656378 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Binance Coin 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 Binance Coin
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
-0.21605708 |
details, prediction |
TRON
TRX
|
0.09308328 |
details, prediction |
UNUS SED LEO
LEO
|
0.11742331 |
details, prediction |
KuCoin Shares
KCS
|
0.14171317 |
details, prediction |
Stellar
XLM
|
0.14674422 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.47043204 |
details, prediction |
Dai
DAI
|
-0.41980717 |
details, prediction |
True USD
TUSD
|
-0.24436742 |
details, prediction |
Verge
XVG
|
-0.15853149 |
details, prediction |
Waves
WAVES
|
-0.12502721 |
details, prediction |
|
Third tier
|
Phantasma
SOUL
|
-0.59872574 |
details, prediction |
Ontology
ONT
|
-0.46655807 |
details, prediction |
NKN
NKN
|
-0.37001812 |
details, prediction |
LAToken
LA
|
-0.36569378 |
details, prediction |
SysCoin
SYS
|
-0.30392858 |
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)