Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.7575195 |
details, prediction |
Ethereum Classic
ETC
|
0.71382797 |
details, prediction |
Stellar
XLM
|
0.70775217 |
details, prediction |
Bitcoin Cash
BCH
|
0.7066555 |
details, prediction |
Dogecoin
DOGE
|
0.6901079 |
details, prediction |
|
Second tier
|
Request Network
REQ
|
0.74562097 |
details, prediction |
Telcoin
TEL
|
0.73189926 |
details, prediction |
Tezos
XTZ
|
0.7182163 |
details, prediction |
Bitcoin SV
BSV
|
0.7168132 |
details, prediction |
Theta
THETA
|
0.71657985 |
details, prediction |
|
Third tier
|
Kyber Network
KNC
|
0.75052583 |
details, prediction |
Constellation
DAG
|
0.73062664 |
details, prediction |
AdEx
ADX
|
0.70969015 |
details, prediction |
Metal
MTL
|
0.69945437 |
details, prediction |
Bancor
BNT
|
0.6877398 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Achain 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 Achain
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Monero
XMR
|
0.2952168 |
details, prediction |
ZCash
ZEC
|
0.4977648 |
details, prediction |
Binance Coin
BNB
|
0.6226729 |
details, prediction |
ChainLink
LINK
|
0.62495136 |
details, prediction |
Bitcoin
BTC
|
0.63001645 |
details, prediction |
|
Second tier
|
Waves
WAVES
|
-0.52580255 |
details, prediction |
Ardor
ARDR
|
0.091841176 |
details, prediction |
aelf
ELF
|
0.2036914 |
details, prediction |
USD//Coin
USDC
|
0.25043893 |
details, prediction |
True USD
TUSD
|
0.25897253 |
details, prediction |
|
Third tier
|
NKN
NKN
|
-0.78488183 |
details, prediction |
Matrix AI Network
MAN
|
-0.43880585 |
details, prediction |
ICON
ICX
|
-0.31007236 |
details, prediction |
OPEN Platform
OPEN
|
-0.2677258 |
details, prediction |
Storj
STORJ
|
-0.0970948 |
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)