Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.96675384 |
details, prediction |
Bitcoin Cash
BCH
|
0.9523583 |
details, prediction |
Ethereum
ETH
|
0.9416097 |
details, prediction |
ZCash
ZEC
|
0.93807745 |
details, prediction |
Litecoin
LTC
|
0.91948146 |
details, prediction |
|
Second tier
|
GXShares
GXS
|
0.9511258 |
details, prediction |
Power Ledger
POWR
|
0.9439303 |
details, prediction |
Basic Attention Token
BAT
|
0.93903154 |
details, prediction |
0x
ZRX
|
0.93403286 |
details, prediction |
Digix DAO
DGD
|
0.9281261 |
details, prediction |
|
Third tier
|
FNKOS
FNKOS
|
0.9613879 |
details, prediction |
SafeExchangeCoin
SAFEX
|
0.9613719 |
details, prediction |
Particl
PART
|
0.96005553 |
details, prediction |
Curecoin
CURE
|
0.9548581 |
details, prediction |
SibCoin
SIB
|
0.95436865 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Elcoin 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 Elcoin
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
-0.6292845 |
details, prediction |
Dogecoin
DOGE
|
-0.56978494 |
details, prediction |
XRP
XRP
|
0.25328967 |
details, prediction |
Stellar
XLM
|
0.4859019 |
details, prediction |
Monero
XMR
|
0.6630999 |
details, prediction |
|
Second tier
|
True USD
TUSD
|
-0.7476588 |
details, prediction |
HoloToken
HOT
|
-0.6003388 |
details, prediction |
Dai
DAI
|
-0.52447665 |
details, prediction |
Quant Network
QNT
|
-0.4359143 |
details, prediction |
Nano
NANO
|
0.022735095 |
details, prediction |
|
Third tier
|
Dreamscape
DSC
|
-0.839119 |
details, prediction |
Vitae
VITAE
|
-0.82961035 |
details, prediction |
MegaCoin
MEC
|
-0.7980418 |
details, prediction |
Metaverse
ETP
|
-0.7559925 |
details, prediction |
BHPCash
BHPC
|
-0.5996447 |
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)