Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Fantom
FTM
|
0.7490338 |
details, prediction |
Decentraland
MANA
|
0.693722 |
details, prediction |
Matic Network
MATIC
|
0.6604033 |
details, prediction |
KuCoin Shares
KCS
|
0.65754557 |
details, prediction |
Huobi Token
HT
|
0.6544606 |
details, prediction |
Second tier
|
XYO Network
XYO
|
0.85253334 |
details, prediction |
RSK Infrastructure Framework
RIF
|
0.82161736 |
details, prediction |
Elastos
ELA
|
0.7633658 |
details, prediction |
Electroneum
ETN
|
0.7513518 |
details, prediction |
Aragon
ANT
|
0.73393464 |
details, prediction |
Third tier
|
Aurora Chain
AOA
|
0.88720405 |
details, prediction |
Cappasity
CAPP
|
0.8704752 |
details, prediction |
TrueChain
TRUE
|
0.80089647 |
details, prediction |
Merculet
MVP
|
0.7997618 |
details, prediction |
SirinLabs
SRN
|
0.7970616 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Covesting 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 Covesting
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
TRON
TRX
|
-0.48145622 |
details, prediction |
Monero
XMR
|
-0.18292654 |
details, prediction |
ZCash
ZEC
|
-0.031739358 |
details, prediction |
Waves
WAVES
|
-0.028580671 |
details, prediction |
Ethereum Classic
ETC
|
0.102107555 |
details, prediction |
Second tier
|
Dai
DAI
|
-0.5126784 |
details, prediction |
USD//Coin
USDC
|
-0.46575156 |
details, prediction |
Paxos Standard
PAX
|
-0.43754253 |
details, prediction |
True USD
TUSD
|
-0.3799686 |
details, prediction |
EthLend
LEND
|
-0.3733801 |
details, prediction |
Third tier
|
Time New Bank
TNB
|
-0.7082973 |
details, prediction |
Crypviser
CVCOIN
|
-0.6321269 |
details, prediction |
Envion
EVN
|
-0.60873395 |
details, prediction |
Seele
SEELE
|
-0.6078284 |
details, prediction |
Haven Protocol
XHV
|
-0.5630083 |
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)