Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin
BTC
|
0.9648431 |
details, prediction |
XRP
XRP
|
0.95559025 |
details, prediction |
Litecoin
LTC
|
0.94875026 |
details, prediction |
Ethereum Classic
ETC
|
0.94866145 |
details, prediction |
ChainLink
LINK
|
0.93909365 |
details, prediction |
|
Second tier
|
NEO
NEO
|
0.94775796 |
details, prediction |
QTUM
QTUM
|
0.9404523 |
details, prediction |
Decentraland
MANA
|
0.93502665 |
details, prediction |
Theta Fuel
TFUEL
|
0.9346008 |
details, prediction |
0x
ZRX
|
0.92432874 |
details, prediction |
|
Third tier
|
Gas
GAS
|
0.927362 |
details, prediction |
Wanchain
WAN
|
0.91554904 |
details, prediction |
Civic
CVC
|
0.914035 |
details, prediction |
Internet of Services
IOST
|
0.9064085 |
details, prediction |
ARK
ARK
|
0.90437865 |
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
|
Stellar
XLM
|
-0.42741835 |
details, prediction |
TRON
TRX
|
0.5121429 |
details, prediction |
ZCash
ZEC
|
0.58195806 |
details, prediction |
KuCoin Shares
KCS
|
0.8272479 |
details, prediction |
Monero
XMR
|
0.8357188 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.70485353 |
details, prediction |
Dai
DAI
|
-0.6733659 |
details, prediction |
True USD
TUSD
|
-0.3386715 |
details, prediction |
DigiByte
DGB
|
0.45216772 |
details, prediction |
Telcoin
TEL
|
0.51800466 |
details, prediction |
|
Third tier
|
Propy
PRO
|
-0.13474074 |
details, prediction |
Matrix AI Network
MAN
|
0.108124375 |
details, prediction |
BABB
BAX
|
0.14475416 |
details, prediction |
Phantasma
SOUL
|
0.15327612 |
details, prediction |
NKN
NKN
|
0.20925477 |
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)