Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Litecoin
LTC
|
0.71905524 |
details, prediction |
KuCoin Shares
KCS
|
0.7120177 |
details, prediction |
Bitcoin Cash
BCH
|
0.6930208 |
details, prediction |
Bitcoin
BTC
|
0.6875959 |
details, prediction |
Dogecoin
DOGE
|
0.6828787 |
details, prediction |
|
Second tier
|
Request Network
REQ
|
0.85524845 |
details, prediction |
Verge
XVG
|
0.79584557 |
details, prediction |
Theta Fuel
TFUEL
|
0.779997 |
details, prediction |
Horizen
ZEN
|
0.770713 |
details, prediction |
Theta
THETA
|
0.76252353 |
details, prediction |
|
Third tier
|
Constellation
DAG
|
0.7790065 |
details, prediction |
AdEx
ADX
|
0.7659321 |
details, prediction |
Kyber Network
KNC
|
0.75032973 |
details, prediction |
Wanchain
WAN
|
0.74759877 |
details, prediction |
LAToken
LA
|
0.7276987 |
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
|
0.389919 |
details, prediction |
Cardano
ADA
|
0.48631194 |
details, prediction |
TRON
TRX
|
0.49929607 |
details, prediction |
ChainLink
LINK
|
0.5051462 |
details, prediction |
ZCash
ZEC
|
0.6229381 |
details, prediction |
|
Second tier
|
Waves
WAVES
|
-0.41510162 |
details, prediction |
DigiByte
DGB
|
-0.054125164 |
details, prediction |
Decred
DCR
|
-0.02687181 |
details, prediction |
aelf
ELF
|
-0.0036543612 |
details, prediction |
Ardor
ARDR
|
0.11418055 |
details, prediction |
|
Third tier
|
Storj
STORJ
|
-0.2684681 |
details, prediction |
OPEN Platform
OPEN
|
-0.24218093 |
details, prediction |
ICON
ICX
|
-0.2146578 |
details, prediction |
Matrix AI Network
MAN
|
-0.102031104 |
details, prediction |
SwftCoin
SWFTC
|
-0.06970248 |
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)