Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
ChainLink
LINK
|
0.7135381 |
details, prediction |
XRP
XRP
|
0.44006214 |
details, prediction |
EOS
EOS
|
0.393586 |
details, prediction |
ZCash
ZEC
|
0.3742999 |
details, prediction |
Ethereum Classic
ETC
|
0.3273556 |
details, prediction |
Second tier
|
Ocean Protocol
OCEAN
|
0.8880773 |
details, prediction |
DxChain
DX
|
0.6566725 |
details, prediction |
iEx.ec
RLC
|
0.61260104 |
details, prediction |
USD//Coin
USDC
|
0.6096561 |
details, prediction |
Paxos Standard
PAX
|
0.5956586 |
details, prediction |
Third tier
|
Opacity
OPQ
|
0.8545836 |
details, prediction |
Covesting
COV
|
0.84412897 |
details, prediction |
Merculet
MVP
|
0.83365613 |
details, prediction |
Matrix AI Network
MAN
|
0.8205811 |
details, prediction |
STK
STK
|
0.82056993 |
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
|
Huobi Token
HT
|
-0.5715216 |
details, prediction |
Crypto.com Chain
CRO
|
-0.5070067 |
details, prediction |
Theta
THETA
|
-0.45483524 |
details, prediction |
Binance Coin
BNB
|
-0.23320688 |
details, prediction |
Dogecoin
DOGE
|
-0.18278743 |
details, prediction |
Second tier
|
CyberVein
CVT
|
-0.6853446 |
details, prediction |
Bancor
BNT
|
-0.44237545 |
details, prediction |
Theta Fuel
TFUEL
|
-0.43654126 |
details, prediction |
Algorand
ALGO
|
-0.34285858 |
details, prediction |
Zilliqa
ZIL
|
-0.34228048 |
details, prediction |
Third tier
|
WhiteCoin
XWC
|
-0.8028075 |
details, prediction |
Aurora Chain
AOA
|
-0.64532065 |
details, prediction |
Incent
INCNT
|
-0.61162686 |
details, prediction |
Loopring [Neo]
LRN
|
-0.5335581 |
details, prediction |
Unibright
UBT
|
-0.5206785 |
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)