Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Bitcoin
BTC
|
0.5005653 |
details, prediction |
KuCoin Shares
KCS
|
0.42729193 |
details, prediction |
Litecoin
LTC
|
0.42518213 |
details, prediction |
Ethereum Classic
ETC
|
0.4077058 |
details, prediction |
EOS
EOS
|
0.40295777 |
details, prediction |
Second tier
|
HedgeTrade
HEDG
|
0.5994276 |
details, prediction |
XYO Network
XYO
|
0.5843271 |
details, prediction |
SwissBorg
CHSB
|
0.48956555 |
details, prediction |
Dent
DENT
|
0.44497773 |
details, prediction |
Enjin Coin
ENJ
|
0.44127914 |
details, prediction |
Third tier
|
Dether
DTH
|
0.8018597 |
details, prediction |
Unobtanium
UNO
|
0.7436464 |
details, prediction |
Litecoin Cash
LCC
|
0.6909824 |
details, prediction |
Credit Tag Chain
CTC
|
0.6711186 |
details, prediction |
BHPCash
BHPC
|
0.6634 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Ethereum Blue 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 Ethereum Blue
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Chiliz
CHZ
|
-0.43313476 |
details, prediction |
Dogecoin
DOGE
|
-0.38308305 |
details, prediction |
SONM
SNM
|
-0.37050718 |
details, prediction |
USD//Coin
USDC
|
-0.36763075 |
details, prediction |
ChainLink
LINK
|
-0.3674194 |
details, prediction |
Second tier
|
iEx.ec
RLC
|
-0.46435037 |
details, prediction |
EthLend
LEND
|
-0.4490428 |
details, prediction |
Basic Attention Token
BAT
|
-0.4484692 |
details, prediction |
FTX Token
FTT
|
-0.44434834 |
details, prediction |
Synthetix Network Token
SNX
|
-0.43793935 |
details, prediction |
Third tier
|
Blockport
BPT
|
-0.45738557 |
details, prediction |
Matrix AI Network
MAN
|
-0.45550564 |
details, prediction |
Viberate
VIB
|
-0.4549684 |
details, prediction |
Tierion
TNT
|
-0.45394185 |
details, prediction |
BaaSid
BAAS
|
-0.45208204 |
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)