Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.72865343 |
details, prediction |
Monero
XMR
|
0.6222243 |
details, prediction |
Stellar
XLM
|
0.59893656 |
details, prediction |
KuCoin Shares
KCS
|
0.59466726 |
details, prediction |
XRP
XRP
|
0.5844269 |
details, prediction |
|
Second tier
|
Ardor
ARDR
|
0.6740967 |
details, prediction |
Loopring
LRC
|
0.61313736 |
details, prediction |
Basic Attention Token
BAT
|
0.61281383 |
details, prediction |
Status
SNT
|
0.6115004 |
details, prediction |
EthLend
LEND
|
0.60557264 |
details, prediction |
|
Third tier
|
Bitcoin Private
BTCP
|
0.8718858 |
details, prediction |
DAOstack
GEN
|
0.85668826 |
details, prediction |
FedoraCoin
TIPS
|
0.8484765 |
details, prediction |
Phantasma
SOUL
|
0.8466047 |
details, prediction |
Chainium
CHX
|
0.8205351 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Crystal Clear 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 Crystal Clear
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Binance Coin
BNB
|
0.13218866 |
details, prediction |
SONM
SNM
|
0.2440006 |
details, prediction |
Ethereum
ETH
|
0.26135224 |
details, prediction |
ZCash
ZEC
|
0.2850124 |
details, prediction |
TRON
TRX
|
0.31185997 |
details, prediction |
|
Second tier
|
Huobi Token
HT
|
-0.25166905 |
details, prediction |
Theta
THETA
|
-0.22740899 |
details, prediction |
True USD
TUSD
|
-0.15417646 |
details, prediction |
Polymath Network
POLY
|
-0.063448794 |
details, prediction |
Decred
DCR
|
0.0011408092 |
details, prediction |
|
Third tier
|
Docademic
MTC
|
-0.68307 |
details, prediction |
Hydro
HYDRO
|
-0.54131913 |
details, prediction |
WeAreSatoshi
WSX
|
-0.32426196 |
details, prediction |
ODEM
ODEM
|
-0.3021548 |
details, prediction |
Photon
PHO
|
-0.27554175 |
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)