Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.36789003 |
details, prediction |
XRP
XRP
|
0.11863028 |
details, prediction |
Bitcoin Cash
BCH
|
0.11807115 |
details, prediction |
Litecoin
LTC
|
-0.099882424 |
details, prediction |
Ethereum Classic
ETC
|
-0.42086005 |
details, prediction |
|
Second tier
|
Metadium
META
|
0.4433625 |
details, prediction |
Bitcoin SV
BSV
|
0.4188044 |
details, prediction |
BORA
BORA
|
0.4065804 |
details, prediction |
DASH
DASH
|
0.2647023 |
details, prediction |
EOS
EOS
|
0.13138655 |
details, prediction |
|
Third tier
|
Zilbercoin
ZBC
|
0.8732548 |
details, prediction |
Moneytoken
IMT
|
0.85260063 |
details, prediction |
Prizm
PZM
|
0.8353118 |
details, prediction |
GAPS
GAP
|
0.80200356 |
details, prediction |
LAToken
LA
|
0.78541917 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Maecenas 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 Maecenas
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
-0.8391587 |
details, prediction |
Matic Network
MATIC
|
-0.814434 |
details, prediction |
Cardano
ADA
|
-0.81345016 |
details, prediction |
Ethereum
ETH
|
-0.8064621 |
details, prediction |
Crypto.com Chain
CRO
|
-0.79663193 |
details, prediction |
|
Second tier
|
IOTA
IOT
|
-0.83609307 |
details, prediction |
Decentraland
MANA
|
-0.8360884 |
details, prediction |
FirstBlood
1ST
|
-0.83086276 |
details, prediction |
Digix DAO
DGD
|
-0.8254143 |
details, prediction |
0x
ZRX
|
-0.8236027 |
details, prediction |
|
Third tier
|
Dragonchain
DRGN
|
-0.85803527 |
details, prediction |
FunFair
FUN
|
-0.8528181 |
details, prediction |
Morpheus Network
MORPH
|
-0.8488932 |
details, prediction |
Dreamscape
DSC
|
-0.84298044 |
details, prediction |
NAGA
NGC
|
-0.83715457 |
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)