Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.9549542 |
details, prediction |
Ethereum Classic
ETC
|
0.9425079 |
details, prediction |
Stellar
XLM
|
0.91987073 |
details, prediction |
ZCash
ZEC
|
0.9148853 |
details, prediction |
Litecoin
LTC
|
0.9069674 |
details, prediction |
|
Second tier
|
Synthetix Network Token
SNX
|
0.9943602 |
details, prediction |
Horizen
ZEN
|
0.9881099 |
details, prediction |
Telcoin
TEL
|
0.98728836 |
details, prediction |
Basic Attention Token
BAT
|
0.98628885 |
details, prediction |
0x
ZRX
|
0.98166436 |
details, prediction |
|
Third tier
|
Lisk
LSK
|
0.99272364 |
details, prediction |
Kleros
PNK
|
0.9870944 |
details, prediction |
Civic
CVC
|
0.9798298 |
details, prediction |
PIVX
PIVX
|
0.9778745 |
details, prediction |
Metal
MTL
|
0.977252 |
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
|
-0.398361 |
details, prediction |
Binance Coin
BNB
|
0.46385658 |
details, prediction |
UNUS SED LEO
LEO
|
0.4673425 |
details, prediction |
Dogecoin
DOGE
|
0.6497779 |
details, prediction |
XRP
XRP
|
0.74821 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.46788955 |
details, prediction |
Decred
DCR
|
-0.13796303 |
details, prediction |
True USD
TUSD
|
-0.016235838 |
details, prediction |
Zilliqa
ZIL
|
0.21349184 |
details, prediction |
Verge
XVG
|
0.3313644 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.2823575 |
details, prediction |
Constellation
DAG
|
-0.25337437 |
details, prediction |
BABB
BAX
|
0.021460162 |
details, prediction |
Dero
DERO
|
0.02411156 |
details, prediction |
BOScoin
BOS
|
0.42508948 |
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)