Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Dogecoin
DOGE
|
0.6624985 |
details, prediction |
Vechain
VET
|
0.6397729 |
details, prediction |
Ethereum Classic
ETC
|
0.63791984 |
details, prediction |
IOTA
IOT
|
0.63618803 |
details, prediction |
NEO
NEO
|
0.61613643 |
details, prediction |
Second tier
|
Stox
STX
|
0.64065754 |
details, prediction |
Nano
NANO
|
0.63796955 |
details, prediction |
Huobi Token
HT
|
0.63532525 |
details, prediction |
DASH
DASH
|
0.6325573 |
details, prediction |
Lisk
LSK
|
0.6302338 |
details, prediction |
Third tier
|
Tidex Token
TDX
|
0.94775206 |
details, prediction |
Infinite Coin
IFC
|
0.83374333 |
details, prediction |
EarthCoin
EAC
|
0.8225673 |
details, prediction |
ugChain
UGC
|
0.8192565 |
details, prediction |
DT Token
DRACO
|
0.8168288 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that ATMChain 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 ATMChain
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
USD//Coin
USDC
|
-0.1731611 |
details, prediction |
Bitcoin SV
BSV
|
-0.052766792 |
details, prediction |
ChainLink
LINK
|
-0.0030701493 |
details, prediction |
Maker
MKR
|
0.12749241 |
details, prediction |
XRP
XRP
|
0.33734828 |
details, prediction |
Second tier
|
Dai
DAI
|
-0.33596742 |
details, prediction |
Paxos Standard
PAX
|
-0.33562878 |
details, prediction |
True USD
TUSD
|
-0.33318707 |
details, prediction |
XYO Network
XYO
|
-0.28585932 |
details, prediction |
Nexo
NEXO
|
-0.23799363 |
details, prediction |
Third tier
|
WorldCoin
WDC
|
-0.67801243 |
details, prediction |
Tycoon Global
TCT
|
-0.62156075 |
details, prediction |
Chainium
CHX
|
-0.5761792 |
details, prediction |
CWV Chain
CWV
|
-0.53411835 |
details, prediction |
Darico
DEC
|
-0.4473852 |
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)