Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Ethereum Classic
ETC
|
0.73051226 |
details, prediction |
Ethereum
ETH
|
0.70620114 |
details, prediction |
EOS
EOS
|
0.68635905 |
details, prediction |
Bitcoin Cash
BCH
|
0.68095857 |
details, prediction |
Binance Coin
BNB
|
0.67828417 |
details, prediction |
Second tier
|
Bitcoin Gold
BTG
|
0.741952 |
details, prediction |
DASH
DASH
|
0.73444396 |
details, prediction |
ZCash
ZEC
|
0.7119939 |
details, prediction |
OmiseGo
OMG
|
0.711714 |
details, prediction |
Loopring
LRC
|
0.70745033 |
details, prediction |
Third tier
|
Kambria
KAT
|
0.79932576 |
details, prediction |
Switcheo Network
SWH
|
0.7117634 |
details, prediction |
Pillar
PLR
|
0.694304 |
details, prediction |
0chain
ZCN
|
0.6807272 |
details, prediction |
Mainframe
MFT
|
0.67930186 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that AppCoins 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 AppCoins
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
USD//Coin
USDC
|
-0.6323694 |
details, prediction |
TRON
TRX
|
-0.2028619 |
details, prediction |
Fantom
FTM
|
0.29815856 |
details, prediction |
Cosmos
ATOM
|
0.4459198 |
details, prediction |
Matic Network
MATIC
|
0.5165906 |
details, prediction |
Second tier
|
Dai
DAI
|
-0.60814756 |
details, prediction |
True USD
TUSD
|
-0.57824045 |
details, prediction |
Paxos Standard
PAX
|
-0.49254444 |
details, prediction |
Propy
PRO
|
-0.20339063 |
details, prediction |
EthLend
LEND
|
-0.10499346 |
details, prediction |
Third tier
|
Envion
EVN
|
-0.6556455 |
details, prediction |
CryptoPay
CPAY
|
-0.5290748 |
details, prediction |
ILCoin
ILC
|
-0.49130997 |
details, prediction |
Mobius
MOBI
|
-0.4908792 |
details, prediction |
FeatherCoin
FTC
|
-0.45670456 |
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)