Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Theta
THETA
|
0.8452068 |
details, prediction |
Monero
XMR
|
0.8401875 |
details, prediction |
Binance Coin
BNB
|
0.83350235 |
details, prediction |
Fantom
FTM
|
0.80529594 |
details, prediction |
Litecoin
LTC
|
0.8041438 |
details, prediction |
Second tier
|
Internet of Services
IOST
|
0.8705319 |
details, prediction |
Decred
DCR
|
0.8382569 |
details, prediction |
BORA
BORA
|
0.8286994 |
details, prediction |
Status
SNT
|
0.82053244 |
details, prediction |
Propy
PRO
|
0.81609493 |
details, prediction |
Third tier
|
V Systems
VSYS
|
0.8793045 |
details, prediction |
ZelCash
ZEL
|
0.8759816 |
details, prediction |
Universa
UTNP
|
0.8752715 |
details, prediction |
Infinite Coin
IFC
|
0.8647876 |
details, prediction |
Bibox Token
BIX
|
0.8584638 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that EBCoin 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 EBCoin
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
SONM
SNM
|
0.103220046 |
details, prediction |
IOTA
IOT
|
0.21491857 |
details, prediction |
Matic Network
MATIC
|
0.24282932 |
details, prediction |
USD//Coin
USDC
|
0.25808272 |
details, prediction |
ChainLink
LINK
|
0.28680003 |
details, prediction |
Second tier
|
Synthetix Network Token
SNX
|
-0.80817795 |
details, prediction |
Ocean Protocol
OCEAN
|
-0.67963296 |
details, prediction |
FTX Token
FTT
|
-0.58339095 |
details, prediction |
SwissBorg
CHSB
|
-0.3655935 |
details, prediction |
EthLend
LEND
|
-0.23792292 |
details, prediction |
Third tier
|
Dynamic Trading Rights
DTR
|
-0.82511735 |
details, prediction |
uDoo
UDOO
|
-0.74960226 |
details, prediction |
Seele
SEELE
|
-0.72834814 |
details, prediction |
Prizm
PZM
|
-0.72724336 |
details, prediction |
DxChain
DX
|
-0.7175672 |
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)