Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
NEM
XEM
|
0.45696828 |
details, prediction |
Monero
XMR
|
0.36937743 |
details, prediction |
Binance Coin
BNB
|
0.3519165 |
details, prediction |
Litecoin
LTC
|
0.32492268 |
details, prediction |
Vechain
VET
|
0.3139498 |
details, prediction |
Second tier
|
Bancor
BNT
|
0.6211585 |
details, prediction |
Internet of Services
IOST
|
0.5464737 |
details, prediction |
Algorand
ALGO
|
0.51566213 |
details, prediction |
Decred
DCR
|
0.49918607 |
details, prediction |
Bitshares
BTS
|
0.44673076 |
details, prediction |
Third tier
|
Grin
GRIN
|
0.67016494 |
details, prediction |
MOAC
MOAC
|
0.6338461 |
details, prediction |
Crown Coin
CRW
|
0.60997957 |
details, prediction |
Incent
INCNT
|
0.5985683 |
details, prediction |
TokenClub
TCT
|
0.57157975 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Atlas Protocol 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 Atlas Protocol
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
ChainLink
LINK
|
-0.07050496 |
details, prediction |
XRP
XRP
|
0.10135594 |
details, prediction |
Crypto.com Chain
CRO
|
0.12287074 |
details, prediction |
Cosmos
ATOM
|
0.13094023 |
details, prediction |
Maker
MKR
|
0.15054512 |
details, prediction |
Second tier
|
GlitzKoin
GTN
|
-0.51639426 |
details, prediction |
Centrality
CENNZ
|
-0.4098051 |
details, prediction |
Ocean Protocol
OCEAN
|
-0.38530773 |
details, prediction |
KuCoin Shares
KCS
|
-0.2546466 |
details, prediction |
DxChain
DX
|
-0.24484588 |
details, prediction |
Third tier
|
Digitex Futures
DGTX
|
-0.5659907 |
details, prediction |
Dynamic Trading Rights
DTR
|
-0.5209506 |
details, prediction |
EchoLink
EKO
|
-0.5004008 |
details, prediction |
STK
STK
|
-0.49650446 |
details, prediction |
Ionomy
ION
|
-0.4897071 |
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)