Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.5849825 |
details, prediction |
KuCoin Shares
KCS
|
0.5523913 |
details, prediction |
Bitcoin Cash
BCH
|
0.43651906 |
details, prediction |
XRP
XRP
|
0.42096904 |
details, prediction |
Litecoin
LTC
|
0.3926678 |
details, prediction |
|
Second tier
|
HedgeTrade
HEDG
|
0.67029065 |
details, prediction |
Telcoin
TEL
|
0.65903413 |
details, prediction |
Bitcoin SV
BSV
|
0.5293238 |
details, prediction |
BORA
BORA
|
0.4551005 |
details, prediction |
DASH
DASH
|
0.4447057 |
details, prediction |
|
Third tier
|
Credit Tag Chain
CTC
|
0.7958277 |
details, prediction |
Peerplays
PPY
|
0.7749482 |
details, prediction |
ThoreCoin
THR
|
0.7493045 |
details, prediction |
Ripio
RCN
|
0.7116376 |
details, prediction |
Dether
DTH
|
0.7066422 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Encrypgen 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 Encrypgen
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
-0.60104096 |
details, prediction |
SONM
SNM
|
-0.5879453 |
details, prediction |
Cardano
ADA
|
-0.54701686 |
details, prediction |
Fantom
FTM
|
-0.54340076 |
details, prediction |
ChainLink
LINK
|
-0.48347977 |
details, prediction |
|
Second tier
|
Loopring
LRC
|
-0.63742924 |
details, prediction |
SwissBorg
CHSB
|
-0.6243702 |
details, prediction |
Horizen
ZEN
|
-0.60552055 |
details, prediction |
Vechain
VET
|
-0.59741545 |
details, prediction |
Nexo
NEXO
|
-0.58840024 |
details, prediction |
|
Third tier
|
Linkey
LKY
|
-0.81078553 |
details, prediction |
Leverj
LEV
|
-0.6942153 |
details, prediction |
Kyber Network
KNC
|
-0.67266506 |
details, prediction |
Quantstamp
QSP
|
-0.6519384 |
details, prediction |
Egretia
EGT
|
-0.64958566 |
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)