Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
SONM
SNM
|
0.42106792 |
details, prediction |
Cardano
ADA
|
0.37879744 |
details, prediction |
Matic Network
MATIC
|
0.33530053 |
details, prediction |
Dogecoin
DOGE
|
0.3174066 |
details, prediction |
KuCoin Shares
KCS
|
0.27050558 |
details, prediction |
|
Second tier
|
OriginTrail
TRAC
|
0.8441416 |
details, prediction |
SwissBorg
CHSB
|
0.628138 |
details, prediction |
FirstBlood
1ST
|
0.5965773 |
details, prediction |
EthLend
LEND
|
0.58408195 |
details, prediction |
iEx.ec
RLC
|
0.52894986 |
details, prediction |
|
Third tier
|
BHPCash
BHPC
|
0.9535146 |
details, prediction |
Credit Tag Chain
CTC
|
0.8747092 |
details, prediction |
TrezarCoin
TZC
|
0.84513414 |
details, prediction |
Infinite Coin
IFC
|
0.8088355 |
details, prediction |
Tycoon Global
TCT
|
0.7926824 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that AdHive 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 AdHive
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Maker
MKR
|
-0.26940748 |
details, prediction |
XRP
XRP
|
-0.1504973 |
details, prediction |
ChainLink
LINK
|
-0.122177415 |
details, prediction |
TRON
TRX
|
-0.106015116 |
details, prediction |
Ethereum
ETH
|
-0.045017578 |
details, prediction |
|
Second tier
|
Cosmos
ATOM
|
-0.56481767 |
details, prediction |
Nexo
NEXO
|
-0.43888435 |
details, prediction |
Bitcoin SV
BSV
|
-0.43864638 |
details, prediction |
BitTorrent
BTT
|
-0.37082136 |
details, prediction |
Dai
DAI
|
-0.36066845 |
details, prediction |
|
Third tier
|
Ormeus Coin
ORME (OLD)
|
-0.80112696 |
details, prediction |
Neumarks
NEU
|
-0.6219615 |
details, prediction |
Dreamscape
DSC
|
-0.5648754 |
details, prediction |
Bittwatt
BWT
|
-0.55360335 |
details, prediction |
Eidoo
EDO
|
-0.47523165 |
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)