Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Dogecoin
DOGE
|
0.59864646 |
details, prediction |
Stellar
XLM
|
0.5951836 |
details, prediction |
IOTA
IOT
|
0.585934 |
details, prediction |
Maker
MKR
|
0.53492516 |
details, prediction |
UNUS SED LEO
LEO
|
0.5337107 |
details, prediction |
Second tier
|
iEx.ec
RLC
|
0.6967108 |
details, prediction |
GXShares
GXS
|
0.6851524 |
details, prediction |
Civic
CVC
|
0.6531138 |
details, prediction |
Nano
NANO
|
0.6394022 |
details, prediction |
Ardor
ARDR
|
0.62405443 |
details, prediction |
Third tier
|
Wowbit
WWB
|
0.95095253 |
details, prediction |
BHPCash
BHPC
|
0.94634044 |
details, prediction |
Omni
OMNI
|
0.93068635 |
details, prediction |
Ternio
TERN
|
0.8561492 |
details, prediction |
CWV Chain
CWV
|
0.822506 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Crypticcoin 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 Crypticcoin
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Cosmos
ATOM
|
-0.10150938 |
details, prediction |
USD//Coin
USDC
|
0.11108135 |
details, prediction |
Theta
THETA
|
0.16764511 |
details, prediction |
Bitcoin SV
BSV
|
0.21078758 |
details, prediction |
Crypto.com Chain
CRO
|
0.21163459 |
details, prediction |
Second tier
|
BORA
BORA
|
-0.2752241 |
details, prediction |
FTX Token
FTT
|
-0.18599305 |
details, prediction |
Telcoin
TEL
|
-0.11273235 |
details, prediction |
HedgeTrade
HEDG
|
-0.108423464 |
details, prediction |
AMO Coin
AMO
|
-0.032655433 |
details, prediction |
Third tier
|
Hydro
HYDRO
|
-0.66773623 |
details, prediction |
Blockport
BPT
|
-0.5155473 |
details, prediction |
Six Domain Chain
SDA
|
-0.48318943 |
details, prediction |
Ecoreal Estate
ECOREAL
|
-0.466689 |
details, prediction |
INS Ecosystem
INS
|
-0.44218802 |
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)