Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum
ETH
|
0.9507268 |
details, prediction |
XRP
XRP
|
0.95007193 |
details, prediction |
TRON
TRX
|
0.9478326 |
details, prediction |
Litecoin
LTC
|
0.94280213 |
details, prediction |
Bitcoin Cash
BCH
|
0.9181269 |
details, prediction |
|
Second tier
|
FirstBlood
1ST
|
0.96440744 |
details, prediction |
NEO
NEO
|
0.9572789 |
details, prediction |
QTUM
QTUM
|
0.9568917 |
details, prediction |
Verge
XVG
|
0.9517471 |
details, prediction |
Aragon
ANT
|
0.9493797 |
details, prediction |
|
Third tier
|
MonetaryUnit
MUE
|
0.9672508 |
details, prediction |
SwftCoin
SWFTC
|
0.96589404 |
details, prediction |
Loopring
LRC
|
0.96153784 |
details, prediction |
Yoyow
YOYOW
|
0.9600581 |
details, prediction |
OAX
OAX
|
0.9598293 |
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 |
Dogecoin
DOGE
|
0.20027027 |
details, prediction |
Bitcoin
BTC
|
0.3253302 |
details, prediction |
Stellar
XLM
|
0.38703942 |
details, prediction |
Ethereum Classic
ETC
|
0.4405456 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
0.018120678 |
details, prediction |
Dai
DAI
|
0.019734418 |
details, prediction |
HoloToken
HOT
|
0.16383614 |
details, prediction |
Vechain
VET
|
0.18449247 |
details, prediction |
True USD
TUSD
|
0.25942388 |
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)