Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.9136011 |
details, prediction |
Litecoin
LTC
|
0.9068988 |
details, prediction |
Ethereum Classic
ETC
|
0.8958629 |
details, prediction |
Bitcoin
BTC
|
0.88849705 |
details, prediction |
Bitcoin Cash
BCH
|
0.8830802 |
details, prediction |
|
Second tier
|
NEO
NEO
|
0.94541293 |
details, prediction |
Vechain
VET
|
0.93500316 |
details, prediction |
Synthetix Network Token
SNX
|
0.93227386 |
details, prediction |
Chiliz
CHZ
|
0.92866665 |
details, prediction |
QTUM
QTUM
|
0.9284425 |
details, prediction |
|
Third tier
|
Project Pai
PAI
|
0.9858849 |
details, prediction |
Time New Bank
TNB
|
0.98288983 |
details, prediction |
Lambda
LAMB
|
0.98207855 |
details, prediction |
Kcash
KCASH
|
0.9796968 |
details, prediction |
Egretia
EGT
|
0.97197235 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that CNN token 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 CNN token
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
-0.5070079 |
details, prediction |
Matic Network
MATIC
|
-0.42562047 |
details, prediction |
Crypto.com Chain
CRO
|
0.090994775 |
details, prediction |
Dogecoin
DOGE
|
0.19672439 |
details, prediction |
Fantom
FTM
|
0.22214979 |
details, prediction |
|
Second tier
|
GXShares
GXS
|
-0.70084727 |
details, prediction |
Cortex
CTXC
|
-0.68901366 |
details, prediction |
True USD
TUSD
|
-0.6476418 |
details, prediction |
USD//Coin
USDC
|
-0.63256866 |
details, prediction |
Dai
DAI
|
-0.53111553 |
details, prediction |
|
Third tier
|
SysCoin
SYS
|
-0.70989066 |
details, prediction |
GXChain
GXC
|
-0.69309884 |
details, prediction |
Veritaseum
VERI
|
-0.6497382 |
details, prediction |
Measurable Data Token
MDT
|
-0.6062576 |
details, prediction |
Chronobank
TIME
|
-0.5847383 |
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)