Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Maker
MKR
|
0.8646592 |
details, prediction |
Ethereum Classic
ETC
|
0.864028 |
details, prediction |
Ethereum
ETH
|
0.86318403 |
details, prediction |
Cardano
ADA
|
0.8627117 |
details, prediction |
KuCoin Shares
KCS
|
0.8517702 |
details, prediction |
Second tier
|
ZCash
ZEC
|
0.85852873 |
details, prediction |
MonaCoin
MONA
|
0.85093987 |
details, prediction |
0x
ZRX
|
0.8383837 |
details, prediction |
Polymath Network
POLY
|
0.83798426 |
details, prediction |
Basic Attention Token
BAT
|
0.83514774 |
details, prediction |
Third tier
|
Unobtanium
UNO
|
0.9402818 |
details, prediction |
CWV Chain
CWV
|
0.9272721 |
details, prediction |
Moneytoken
IMT
|
0.921833 |
details, prediction |
Credit Tag Chain
CTC
|
0.91316444 |
details, prediction |
Uquid Coin
UQC
|
0.9017602 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Draftcoin 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 Draftcoin
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Dogecoin
DOGE
|
-0.7789161 |
details, prediction |
ChainLink
LINK
|
-0.37568974 |
details, prediction |
Vechain
VET
|
-0.256182 |
details, prediction |
Tezos
XTZ
|
0.3924425 |
details, prediction |
Bitcoin
BTC
|
0.4180401 |
details, prediction |
Second tier
|
HoloToken
HOT
|
-0.74786806 |
details, prediction |
True USD
TUSD
|
-0.4391484 |
details, prediction |
Nano
NANO
|
-0.02605444 |
details, prediction |
Dai
DAI
|
0.013745353 |
details, prediction |
XYO Network
XYO
|
0.29224026 |
details, prediction |
Third tier
|
Vitae
VITAE
|
-0.7805171 |
details, prediction |
NIX
NIX
|
-0.74632496 |
details, prediction |
Vtorrent
VTR
|
-0.70667195 |
details, prediction |
Metaverse
ETP
|
-0.6191916 |
details, prediction |
BHPCash
BHPC
|
-0.5440952 |
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)