Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.7563476 |
details, prediction |
TRON
TRX
|
0.5039287 |
details, prediction |
XRP
XRP
|
0.46491617 |
details, prediction |
Monero
XMR
|
0.44379967 |
details, prediction |
Bitcoin
BTC
|
0.41731617 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
0.7519797 |
details, prediction |
Verge
XVG
|
0.7256349 |
details, prediction |
Algorand
ALGO
|
0.6706422 |
details, prediction |
Decred
DCR
|
0.6289643 |
details, prediction |
XYO Network
XYO
|
0.55214447 |
details, prediction |
|
Third tier
|
Komodo
KMD
|
0.87060535 |
details, prediction |
SysCoin
SYS
|
0.7594863 |
details, prediction |
Ontology
ONT
|
0.75137687 |
details, prediction |
Dero
DERO
|
0.74627537 |
details, prediction |
Wanchain
WAN
|
0.73721176 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Elastos 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 Elastos
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
-0.05977799 |
details, prediction |
ChainLink
LINK
|
-0.039243385 |
details, prediction |
Bitcoin Cash
BCH
|
0.1314407 |
details, prediction |
Ethereum Classic
ETC
|
0.17165117 |
details, prediction |
Litecoin
LTC
|
0.18365313 |
details, prediction |
|
Second tier
|
Zilliqa
ZIL
|
-0.1109554 |
details, prediction |
Cosmos
ATOM
|
-0.07638995 |
details, prediction |
USD//Coin
USDC
|
-0.07435377 |
details, prediction |
Vechain
VET
|
-0.0726066 |
details, prediction |
Theta
THETA
|
-0.07036286 |
details, prediction |
|
Third tier
|
Constellation
DAG
|
-0.14977708 |
details, prediction |
OPEN Platform
OPEN
|
-0.010720222 |
details, prediction |
NEM
XEM
|
0.043745853 |
details, prediction |
Phantasma
SOUL
|
0.26131555 |
details, prediction |
Electroneum
ETN
|
0.28438097 |
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)