Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Decentraland
MANA
|
0.92317003 |
details, prediction |
Fantom
FTM
|
0.9183494 |
details, prediction |
Matic Network
MATIC
|
0.87816346 |
details, prediction |
IOTA
IOT
|
0.87317586 |
details, prediction |
Cosmos
ATOM
|
0.86058897 |
details, prediction |
Second tier
|
Bitcoin Diamond
BCD
|
0.90711254 |
details, prediction |
Aragon
ANT
|
0.88067156 |
details, prediction |
Elastos
ELA
|
0.868468 |
details, prediction |
XYO Network
XYO
|
0.8670006 |
details, prediction |
WhiteCoin
XWC
|
0.8441939 |
details, prediction |
Third tier
|
Gamecredits
GAME
|
0.944081 |
details, prediction |
Kin
KIN
|
0.9388165 |
details, prediction |
Ripio
RCN
|
0.93437403 |
details, prediction |
Synereo
AMP
|
0.91844195 |
details, prediction |
OPEN Platform
OPEN
|
0.91735023 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that CREDITS 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 CREDITS
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
TRON
TRX
|
-0.66425866 |
details, prediction |
Monero
XMR
|
-0.1708907 |
details, prediction |
ZCash
ZEC
|
0.22141765 |
details, prediction |
Waves
WAVES
|
0.3142477 |
details, prediction |
Ethereum Classic
ETC
|
0.34091252 |
details, prediction |
Second tier
|
Dai
DAI
|
-0.71022326 |
details, prediction |
USD//Coin
USDC
|
-0.66406834 |
details, prediction |
Paxos Standard
PAX
|
-0.609324 |
details, prediction |
EthLend
LEND
|
-0.5756207 |
details, prediction |
True USD
TUSD
|
-0.4857906 |
details, prediction |
Third tier
|
Time New Bank
TNB
|
-0.9318138 |
details, prediction |
FeatherCoin
FTC
|
-0.74939096 |
details, prediction |
Envion
EVN
|
-0.74189293 |
details, prediction |
ILCoin
ILC
|
-0.67771643 |
details, prediction |
Seele
SEELE
|
-0.6742231 |
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)