Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Fantom
FTM
|
0.4963532 |
details, prediction |
KuCoin Shares
KCS
|
0.37149248 |
details, prediction |
Crypto.com Chain
CRO
|
0.36000612 |
details, prediction |
TRON
TRX
|
0.3141665 |
details, prediction |
XRP
XRP
|
0.22003603 |
details, prediction |
|
Second tier
|
EthLend
LEND
|
0.6277048 |
details, prediction |
Huobi Token
HT
|
0.48747844 |
details, prediction |
Synthetix Network Token
SNX
|
0.4627256 |
details, prediction |
OriginTrail
TRAC
|
0.43802193 |
details, prediction |
Loopring
LRC
|
0.43248272 |
details, prediction |
|
Third tier
|
SpankChain
SPANK
|
0.72935253 |
details, prediction |
DubaiCoin
DBIX
|
0.6215389 |
details, prediction |
Flexacoin
FXC
|
0.5939134 |
details, prediction |
Upfiring
UFR
|
0.57228935 |
details, prediction |
Melon
MLN
|
0.53588337 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Apex 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 Apex
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
-0.24580088 |
details, prediction |
Stellar
XLM
|
-0.13651167 |
details, prediction |
Ethereum Classic
ETC
|
-0.12726691 |
details, prediction |
Bitcoin Cash
BCH
|
-0.109834425 |
details, prediction |
Dogecoin
DOGE
|
-0.09474498 |
details, prediction |
|
Second tier
|
Nexo
NEXO
|
-0.48903218 |
details, prediction |
Ethos (Bitquence)
BQX
|
-0.32409436 |
details, prediction |
MonaCoin
MONA
|
-0.30932936 |
details, prediction |
USD//Coin
USDC
|
-0.24697345 |
details, prediction |
Dai
DAI
|
-0.24574593 |
details, prediction |
|
Third tier
|
VestChain
VEST
|
-0.7309747 |
details, prediction |
PayPie
PPP
|
-0.6049861 |
details, prediction |
Grid+
GRID
|
-0.55493534 |
details, prediction |
CEEK
CEEK
|
-0.53424203 |
details, prediction |
SibCoin
SIB
|
-0.52980584 |
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)