Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.8479164 |
details, prediction |
KuCoin Shares
KCS
|
0.83965737 |
details, prediction |
Dogecoin
DOGE
|
0.74667627 |
details, prediction |
ZCash
ZEC
|
0.707985 |
details, prediction |
Ethereum Classic
ETC
|
0.6555094 |
details, prediction |
|
Second tier
|
Request Network
REQ
|
0.94044673 |
details, prediction |
Bitcoin Gold
BTG
|
0.931347 |
details, prediction |
Waves
WAVES
|
0.92542934 |
details, prediction |
Siacoin
SC
|
0.899172 |
details, prediction |
Status
SNT
|
0.89160186 |
details, prediction |
|
Third tier
|
Chronobank
TIME
|
0.9411425 |
details, prediction |
BOScoin
BOS
|
0.9352107 |
details, prediction |
Loopring
LRC
|
0.92277396 |
details, prediction |
Gas
GAS
|
0.92229986 |
details, prediction |
Komodo
KMD
|
0.91993415 |
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
|
TRON
TRX
|
-0.26491597 |
details, prediction |
UNUS SED LEO
LEO
|
-0.115466766 |
details, prediction |
ChainLink
LINK
|
0.3791238 |
details, prediction |
Stellar
XLM
|
0.45116073 |
details, prediction |
Ethereum
ETH
|
0.47005975 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.72432077 |
details, prediction |
Nexo
NEXO
|
0.09981994 |
details, prediction |
Dai
DAI
|
0.17570797 |
details, prediction |
HoloToken
HOT
|
0.26054323 |
details, prediction |
Bitcoin SV
BSV
|
0.3426287 |
details, prediction |
|
Third tier
|
Dent
DENT
|
-0.6584962 |
details, prediction |
Propy
PRO
|
-0.2879285 |
details, prediction |
FunFair
FUN
|
-0.072427385 |
details, prediction |
BABB
BAX
|
-0.053577404 |
details, prediction |
OPEN Platform
OPEN
|
0.0762869 |
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)