Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Bitcoin SV
BSV
|
0.4188044 |
details, prediction |
KuCoin Shares
KCS
|
0.36789003 |
details, prediction |
EOS
EOS
|
0.13138655 |
details, prediction |
XRP
XRP
|
0.11863028 |
details, prediction |
Bitcoin Cash
BCH
|
0.11807115 |
details, prediction |
Second tier
|
Metadium
META
|
0.4433625 |
details, prediction |
BORA
BORA
|
0.4065804 |
details, prediction |
DASH
DASH
|
0.2647023 |
details, prediction |
Bitcoin Gold
BTG
|
0.08851229 |
details, prediction |
True USD
TUSD
|
0.026279043 |
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
|
IOTA
IOT
|
-0.83609307 |
details, prediction |
Matic Network
MATIC
|
-0.814434 |
details, prediction |
Cardano
ADA
|
-0.81345016 |
details, prediction |
Chiliz
CHZ
|
-0.8104405 |
details, prediction |
NEO
NEO
|
-0.8077359 |
details, prediction |
Second tier
|
OmiseGo
OMG
|
-0.8476543 |
details, prediction |
ZCash
ZEC
|
-0.8391587 |
details, prediction |
Decentraland
MANA
|
-0.8360884 |
details, prediction |
Enjin Coin
ENJ
|
-0.83151335 |
details, prediction |
FirstBlood
1ST
|
-0.83086276 |
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)