Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Cardano
ADA
|
0.83533925 |
details, prediction |
NEO
NEO
|
0.7363415 |
details, prediction |
Ethereum Classic
ETC
|
0.7302446 |
details, prediction |
Maker
MKR
|
0.6032841 |
details, prediction |
USD//Coin
USDC
|
0.5981249 |
details, prediction |
Second tier
|
Huobi Token
HT
|
0.9039731 |
details, prediction |
Decred
DCR
|
0.8582463 |
details, prediction |
Synthetix Network Token
SNX
|
0.8421068 |
details, prediction |
Gas
GAS
|
0.8204688 |
details, prediction |
DigiByte
DGB
|
0.7923588 |
details, prediction |
Third tier
|
Game
GTC
|
0.9580944 |
details, prediction |
Global Social Chain
GSC
|
0.9567182 |
details, prediction |
Seele
SEELE
|
0.9493042 |
details, prediction |
Populous
PPT
|
0.9470926 |
details, prediction |
Kcash
KCASH
|
0.9445246 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that EchoLink 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 EchoLink
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Fantom
FTM
|
-0.79832953 |
details, prediction |
Bitcoin
BTC
|
-0.65356356 |
details, prediction |
Cosmos
ATOM
|
-0.5402049 |
details, prediction |
Ethereum
ETH
|
-0.5392125 |
details, prediction |
Crypto.com Chain
CRO
|
-0.49343768 |
details, prediction |
Second tier
|
OmiseGo
OMG
|
-0.7328559 |
details, prediction |
ICON
ICX
|
-0.72636783 |
details, prediction |
Propy
PRO
|
-0.7166751 |
details, prediction |
OriginTrail
TRAC
|
-0.62135845 |
details, prediction |
Stox
STX
|
-0.59180385 |
details, prediction |
Third tier
|
Rotharium
RTH
|
-0.7813956 |
details, prediction |
Dero
DERO
|
-0.7801362 |
details, prediction |
Xriba
XRA
|
-0.7796308 |
details, prediction |
NAGA
NGC
|
-0.76457906 |
details, prediction |
HEROcoin
PLAY
|
-0.7354985 |
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)