Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Monero
XMR
|
0.7516865 |
details, prediction |
Binance Coin
BNB
|
0.73654896 |
details, prediction |
KuCoin Shares
KCS
|
0.6948623 |
details, prediction |
Bitcoin
BTC
|
0.67771155 |
details, prediction |
Bitcoin Cash
BCH
|
0.6597918 |
details, prediction |
|
Second tier
|
Telcoin
TEL
|
0.88765603 |
details, prediction |
Tezos
XTZ
|
0.88084006 |
details, prediction |
Huobi Token
HT
|
0.8605594 |
details, prediction |
BORA
BORA
|
0.7849575 |
details, prediction |
Theta
THETA
|
0.73349357 |
details, prediction |
|
Third tier
|
ALISmedia
ALIS
|
0.87242275 |
details, prediction |
PeerCoin
PPC
|
0.8673578 |
details, prediction |
TerraCoin
TRC
|
0.82453007 |
details, prediction |
QuarkChain
QKC
|
0.81883276 |
details, prediction |
Sentinel
SENT
|
0.8109782 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that eBitcoin 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 eBitcoin
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
SONM
SNM
|
-0.16940036 |
details, prediction |
Crypto.com Chain
CRO
|
0.23164143 |
details, prediction |
Matic Network
MATIC
|
0.24191727 |
details, prediction |
ChainLink
LINK
|
0.24884632 |
details, prediction |
Maker
MKR
|
0.2526744 |
details, prediction |
|
Second tier
|
Ocean Protocol
OCEAN
|
-0.7411289 |
details, prediction |
Synthetix Network Token
SNX
|
-0.71920073 |
details, prediction |
FTX Token
FTT
|
-0.6200148 |
details, prediction |
EthLend
LEND
|
-0.54728776 |
details, prediction |
SwissBorg
CHSB
|
-0.37619364 |
details, prediction |
|
Third tier
|
BitBay
BAY
|
-0.83325416 |
details, prediction |
Dynamic Trading Rights
DTR
|
-0.7432371 |
details, prediction |
Constellation
DAG
|
-0.701029 |
details, prediction |
Eligma
ELI
|
-0.69356704 |
details, prediction |
Measurable Data Token
MDT
|
-0.69183195 |
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)