Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
NEO
NEO
|
0.9572789 |
details, prediction |
Ethereum
ETH
|
0.9507268 |
details, prediction |
XRP
XRP
|
0.95007193 |
details, prediction |
TRON
TRX
|
0.9478326 |
details, prediction |
IOTA
IOT
|
0.9474387 |
details, prediction |
Second tier
|
FirstBlood
1ST
|
0.96440744 |
details, prediction |
Loopring
LRC
|
0.96153784 |
details, prediction |
OmiseGo
OMG
|
0.95851964 |
details, prediction |
QTUM
QTUM
|
0.9568917 |
details, prediction |
NEM
XEM
|
0.95183396 |
details, prediction |
Third tier
|
MonetaryUnit
MUE
|
0.9672508 |
details, prediction |
SwftCoin
SWFTC
|
0.96589404 |
details, prediction |
Yoyow
YOYOW
|
0.9600581 |
details, prediction |
OAX
OAX
|
0.9598293 |
details, prediction |
Token as a Service
TAAS
|
0.95914656 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Earth Token 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 Earth Token
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
ChainLink
LINK
|
-0.036711372 |
details, prediction |
Vechain
VET
|
0.18449247 |
details, prediction |
Dogecoin
DOGE
|
0.20027027 |
details, prediction |
Bitcoin
BTC
|
0.3253302 |
details, prediction |
Stellar
XLM
|
0.38703942 |
details, prediction |
Second tier
|
Ravencoin
RVN
|
0.018120678 |
details, prediction |
Dai
DAI
|
0.019734418 |
details, prediction |
HoloToken
HOT
|
0.16383614 |
details, prediction |
True USD
TUSD
|
0.25942388 |
details, prediction |
DigiByte
DGB
|
0.2606062 |
details, prediction |
Third tier
|
Metaverse
ETP
|
-0.8128134 |
details, prediction |
Docademic
MTC
|
-0.7813825 |
details, prediction |
Zilbercoin
ZBC
|
-0.613191 |
details, prediction |
Speed Mining Service
SMS
|
-0.4387513 |
details, prediction |
ODEM
ODEM
|
-0.41459718 |
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)