Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Bitcoin SV
BSV
|
0.30872464 |
details, prediction |
TRON
TRX
|
-0.003681244 |
details, prediction |
USD//Coin
USDC
|
-0.18140826 |
details, prediction |
XRP
XRP
|
-0.1948202 |
details, prediction |
IOTA
IOT
|
-0.24220389 |
details, prediction |
Second tier
|
Dent
DENT
|
0.746035 |
details, prediction |
XYO Network
XYO
|
0.6933407 |
details, prediction |
BitTorrent
BTT
|
0.51013684 |
details, prediction |
Waves
WAVES
|
0.3586729 |
details, prediction |
Dai
DAI
|
0.34808505 |
details, prediction |
Third tier
|
Tidex Token
TDX
|
0.9718659 |
details, prediction |
Golos
GOLOS
|
0.8192973 |
details, prediction |
Omnitude
ECOM
|
0.7314156 |
details, prediction |
Databits
DTB
|
0.69912755 |
details, prediction |
SyncFab
MFG
|
0.664389 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that 2GiveCoin 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 2GiveCoin
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Ethereum Classic
ETC
|
-0.6896446 |
details, prediction |
Bitcoin
BTC
|
-0.68170273 |
details, prediction |
EOS
EOS
|
-0.6684994 |
details, prediction |
Ethereum
ETH
|
-0.64502454 |
details, prediction |
Bitcoin Cash
BCH
|
-0.63973933 |
details, prediction |
Second tier
|
FirstBlood
1ST
|
-0.7793233 |
details, prediction |
OriginTrail
TRAC
|
-0.68319225 |
details, prediction |
AMO Coin
AMO
|
-0.6755505 |
details, prediction |
Horizen
ZEN
|
-0.67384917 |
details, prediction |
Nano
NANO
|
-0.6731695 |
details, prediction |
Third tier
|
CWV Chain
CWV
|
-0.80846494 |
details, prediction |
Lambda
LAMB
|
-0.8067833 |
details, prediction |
SIX
SIX
|
-0.7629238 |
details, prediction |
Effect.AI
EFX
|
-0.76030916 |
details, prediction |
Utrust
UTK
|
-0.7460082 |
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)