Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.85287154 |
details, prediction |
Cardano
ADA
|
0.8481076 |
details, prediction |
XRP
XRP
|
0.84055084 |
details, prediction |
Binance Coin
BNB
|
0.8229598 |
details, prediction |
Crypto.com Chain
CRO
|
0.79089683 |
details, prediction |
|
Second tier
|
Ardor
ARDR
|
0.9219417 |
details, prediction |
Status
SNT
|
0.91746503 |
details, prediction |
Bitcoin Gold
BTG
|
0.91501325 |
details, prediction |
Decentraland
MANA
|
0.91399455 |
details, prediction |
Theta Fuel
TFUEL
|
0.90194917 |
details, prediction |
|
Third tier
|
Civic
CVC
|
0.95102966 |
details, prediction |
Internet of Services
IOST
|
0.92467046 |
details, prediction |
SingularityNET
AGI
|
0.90917647 |
details, prediction |
Lisk
LSK
|
0.9076481 |
details, prediction |
SwftCoin
SWFTC
|
0.8862835 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that ARK 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 ARK
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.66657984 |
details, prediction |
UNUS SED LEO
LEO
|
0.0015495664 |
details, prediction |
ZCash
ZEC
|
0.0040227287 |
details, prediction |
Ethereum
ETH
|
0.30032042 |
details, prediction |
Bitcoin
BTC
|
0.3316009 |
details, prediction |
|
Second tier
|
Nexo
NEXO
|
-0.43878317 |
details, prediction |
Decred
DCR
|
-0.11613402 |
details, prediction |
Algorand
ALGO
|
-0.06377089 |
details, prediction |
Bitcoin SV
BSV
|
0.03776988 |
details, prediction |
HoloToken
HOT
|
0.085128 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.53313255 |
details, prediction |
OPEN Platform
OPEN
|
-0.28350243 |
details, prediction |
V Systems
VSYS
|
-0.27098736 |
details, prediction |
Enjin Coin
ENJ
|
-0.22204588 |
details, prediction |
Propy
PRO
|
-0.20354167 |
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)