Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.8330224 |
details, prediction |
ChainLink
LINK
|
0.73765856 |
details, prediction |
Dogecoin
DOGE
|
0.7360861 |
details, prediction |
Bitcoin
BTC
|
0.73220617 |
details, prediction |
Monero
XMR
|
0.72292256 |
details, prediction |
|
Second tier
|
Theta
THETA
|
0.8936807 |
details, prediction |
Horizen
ZEN
|
0.8424405 |
details, prediction |
Synthetix Network Token
SNX
|
0.8358123 |
details, prediction |
0x
ZRX
|
0.832232 |
details, prediction |
iEx.ec
RLC
|
0.80688024 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.8185512 |
details, prediction |
Lisk
LSK
|
0.78937876 |
details, prediction |
Storj
STORJ
|
0.75638753 |
details, prediction |
ICON
ICX
|
0.74808997 |
details, prediction |
Chronobank
TIME
|
0.72079694 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Bancor 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 Bancor
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.27543882 |
details, prediction |
UNUS SED LEO
LEO
|
0.20652574 |
details, prediction |
Stellar
XLM
|
0.39620286 |
details, prediction |
Bitcoin Cash
BCH
|
0.4050253 |
details, prediction |
ZCash
ZEC
|
0.4836808 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.27555868 |
details, prediction |
Decred
DCR
|
-0.25506583 |
details, prediction |
USD//Coin
USDC
|
-0.09663419 |
details, prediction |
Verge
XVG
|
0.03417262 |
details, prediction |
Nexo
NEXO
|
0.10898284 |
details, prediction |
|
Third tier
|
Dent
DENT
|
-0.42822042 |
details, prediction |
Ontology
ONT
|
-0.2949255 |
details, prediction |
FunFair
FUN
|
-0.28473535 |
details, prediction |
NKN
NKN
|
-0.23832284 |
details, prediction |
Wanchain
WAN
|
-0.2029063 |
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)