Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Fantom
FTM
|
0.6934003 |
details, prediction |
SONM
SNM
|
0.5909669 |
details, prediction |
ChainLink
LINK
|
0.5578683 |
details, prediction |
Matic Network
MATIC
|
0.54487336 |
details, prediction |
Cardano
ADA
|
0.47827378 |
details, prediction |
|
Second tier
|
Aragon
ANT
|
0.72429776 |
details, prediction |
SwissBorg
CHSB
|
0.70968395 |
details, prediction |
Algorand
ALGO
|
0.66316617 |
details, prediction |
Cortex
CTXC
|
0.632725 |
details, prediction |
XYO Network
XYO
|
0.62509155 |
details, prediction |
|
Third tier
|
Kambria
KAT
|
0.8708551 |
details, prediction |
WAX
WAX
|
0.8321741 |
details, prediction |
AventCoin
AVT
|
0.7848192 |
details, prediction |
ArcBlock
ABT
|
0.76526207 |
details, prediction |
FREE Coin
FREE
|
0.7498954 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that CoiniFi 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 CoiniFi
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
-0.508743 |
details, prediction |
ZCash
ZEC
|
-0.44031483 |
details, prediction |
Monero
XMR
|
-0.38078293 |
details, prediction |
XRP
XRP
|
-0.17449561 |
details, prediction |
Ethereum Classic
ETC
|
-0.16501668 |
details, prediction |
|
Second tier
|
HedgeTrade
HEDG
|
-0.6171639 |
details, prediction |
Waves
WAVES
|
-0.4164106 |
details, prediction |
Nexo
NEXO
|
-0.28812462 |
details, prediction |
Status
SNT
|
-0.23299484 |
details, prediction |
GXShares
GXS
|
-0.19025822 |
details, prediction |
|
Third tier
|
Quantum Resistant Ledger
QRL
|
-0.64256674 |
details, prediction |
POA Network
POA
|
-0.5671547 |
details, prediction |
Seele
SEELE
|
-0.5666169 |
details, prediction |
Lamden Tau
TAU
|
-0.52901363 |
details, prediction |
Linker Coin
LNC
|
-0.5130641 |
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)