Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Waves
WAVES
|
0.94650185 |
details, prediction |
Ethereum Classic
ETC
|
0.9262835 |
details, prediction |
Huobi Token
HT
|
0.918173 |
details, prediction |
DigiByte
DGB
|
0.88976514 |
details, prediction |
Vechain
VET
|
0.88207775 |
details, prediction |
Second tier
|
SysCoin
SYS
|
0.9441697 |
details, prediction |
QTUM
QTUM
|
0.9237859 |
details, prediction |
Bitcoin Gold
BTG
|
0.91081935 |
details, prediction |
Bancor
BNT
|
0.89735913 |
details, prediction |
RSK Infrastructure Framework
RIF
|
0.8869007 |
details, prediction |
Third tier
|
HalalChain
HLC
|
0.96563685 |
details, prediction |
Remme
REM
|
0.9406425 |
details, prediction |
Melon
MLN
|
0.9300071 |
details, prediction |
Crypto20
C20
|
0.92730826 |
details, prediction |
Haven Protocol
XHV
|
0.9141956 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Blockport 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 Blockport
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Crypto.com Chain
CRO
|
0.256082 |
details, prediction |
Theta
THETA
|
0.472335 |
details, prediction |
Maker
MKR
|
0.4980623 |
details, prediction |
UNUS SED LEO
LEO
|
0.54400486 |
details, prediction |
Republic protocol
REN
|
0.5565149 |
details, prediction |
Second tier
|
Quant Network
QNT
|
-0.8690156 |
details, prediction |
Centrality
CENNZ
|
-0.812363 |
details, prediction |
HedgeTrade
HEDG
|
-0.7395684 |
details, prediction |
Dai
DAI
|
-0.7234392 |
details, prediction |
Ocean Protocol
OCEAN
|
-0.63615036 |
details, prediction |
Third tier
|
FlorinCoin
FLO
|
-0.901216 |
details, prediction |
Stox
STX
|
-0.88190514 |
details, prediction |
ZrCoin
ZRC
|
-0.8767118 |
details, prediction |
Digitex Futures
DGTX
|
-0.8682575 |
details, prediction |
PolySwarm
NCT
|
-0.8594885 |
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)