Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.77579737 |
details, prediction |
Stellar
XLM
|
0.75825644 |
details, prediction |
Ethereum Classic
ETC
|
0.6453187 |
details, prediction |
KuCoin Shares
KCS
|
0.56038624 |
details, prediction |
Bitcoin Cash
BCH
|
0.36597225 |
details, prediction |
|
Second tier
|
FTX Token
FTT
|
0.907979 |
details, prediction |
Chiliz
CHZ
|
0.89147455 |
details, prediction |
IOTA
IOT
|
0.8743305 |
details, prediction |
Telcoin
TEL
|
0.8435284 |
details, prediction |
iEx.ec
RLC
|
0.84290576 |
details, prediction |
|
Third tier
|
SwftCoin
SWFTC
|
0.88661927 |
details, prediction |
Kambria
KAT
|
0.8778195 |
details, prediction |
Enjin Coin
ENJ
|
0.8685266 |
details, prediction |
Elastos
ELA
|
0.8643502 |
details, prediction |
Internet of Services
IOST
|
0.8476468 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Cosmos 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 Cosmos
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Monero
XMR
|
-0.29410568 |
details, prediction |
Ethereum
ETH
|
-0.28090182 |
details, prediction |
ChainLink
LINK
|
-0.20622212 |
details, prediction |
ZCash
ZEC
|
-0.17667489 |
details, prediction |
TRON
TRX
|
-0.06502911 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
-0.54205203 |
details, prediction |
Dai
DAI
|
-0.41594058 |
details, prediction |
Bitcoin SV
BSV
|
-0.31824723 |
details, prediction |
Decred
DCR
|
-0.29149088 |
details, prediction |
HoloToken
HOT
|
-0.19300264 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.69461703 |
details, prediction |
NKN
NKN
|
-0.5842218 |
details, prediction |
Propy
PRO
|
-0.5041748 |
details, prediction |
Hydro Protocol
HOT
|
-0.28796485 |
details, prediction |
Constellation
DAG
|
-0.050498854 |
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)