Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Ethereum
ETH
|
0.6330064 |
details, prediction |
Cardano
ADA
|
0.5938124 |
details, prediction |
Bitcoin
BTC
|
0.5593266 |
details, prediction |
KuCoin Shares
KCS
|
0.55037814 |
details, prediction |
Ethereum Classic
ETC
|
0.5379265 |
details, prediction |
Second tier
|
Kyber Network
KNC
|
0.7512847 |
details, prediction |
OriginTrail
TRAC
|
0.74486256 |
details, prediction |
Ethos (Bitquence)
BQX
|
0.7365459 |
details, prediction |
Lisk
LSK
|
0.7187457 |
details, prediction |
Huobi Token
HT
|
0.6927466 |
details, prediction |
Third tier
|
Aion
AION
|
0.7851151 |
details, prediction |
Tidex Token
TDX
|
0.7822918 |
details, prediction |
Santiment
SAN
|
0.7771468 |
details, prediction |
Neumarks
NEU
|
0.7749309 |
details, prediction |
Bitcoin Green
BITG
|
0.751894 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that E-coin 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 E-coin
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
USD//Coin
USDC
|
-0.5344248 |
details, prediction |
Dogecoin
DOGE
|
-0.37725922 |
details, prediction |
XRP
XRP
|
-0.27653733 |
details, prediction |
ChainLink
LINK
|
-0.15393838 |
details, prediction |
Maker
MKR
|
-0.15190744 |
details, prediction |
Second tier
|
Quant Network
QNT
|
-0.47404513 |
details, prediction |
HoloToken
HOT
|
-0.45772487 |
details, prediction |
Paxos Standard
PAX
|
-0.36011598 |
details, prediction |
Bitcoin Gold
BTG
|
-0.26761222 |
details, prediction |
Telcoin
TEL
|
-0.25666878 |
details, prediction |
Third tier
|
Melon
MLN
|
-0.6266378 |
details, prediction |
Gemini Dollar
GUSD
|
-0.59635127 |
details, prediction |
Lympo
LYM
|
-0.5872617 |
details, prediction |
EarthCoin
EAC
|
-0.5302488 |
details, prediction |
BitcoinDark
BTCD
|
-0.5215265 |
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)