Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
0.8175675 |
details, prediction |
Bitcoin Cash
BCH
|
0.64909554 |
details, prediction |
Cardano
ADA
|
0.556983 |
details, prediction |
XRP
XRP
|
0.11338163 |
details, prediction |
Ethereum Classic
ETC
|
0.09705721 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
0.85874635 |
details, prediction |
Waves
WAVES
|
0.840356 |
details, prediction |
Siacoin
SC
|
0.80969083 |
details, prediction |
Theta Fuel
TFUEL
|
0.80923885 |
details, prediction |
Zilliqa
ZIL
|
0.80037916 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.9570069 |
details, prediction |
Komodo
KMD
|
0.90311503 |
details, prediction |
IoTeX
IOTX
|
0.8158189 |
details, prediction |
Kyber Network
KNC
|
0.73135465 |
details, prediction |
Internet of Services
IOST
|
0.6851555 |
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
|
UNUS SED LEO
LEO
|
-0.87156355 |
details, prediction |
TRON
TRX
|
-0.5850998 |
details, prediction |
Ethereum
ETH
|
-0.56411886 |
details, prediction |
Bitcoin
BTC
|
-0.4498001 |
details, prediction |
ChainLink
LINK
|
-0.35991767 |
details, prediction |
|
Second tier
|
Algorand
ALGO
|
-0.43526644 |
details, prediction |
Bitcoin SV
BSV
|
-0.38154662 |
details, prediction |
DASH
DASH
|
-0.15589248 |
details, prediction |
NEO
NEO
|
-0.08951074 |
details, prediction |
True USD
TUSD
|
-0.0739454 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.72973406 |
details, prediction |
V Systems
VSYS
|
-0.6560376 |
details, prediction |
LAToken
LA
|
-0.6192301 |
details, prediction |
Ontology
ONT
|
-0.45732588 |
details, prediction |
Enjin Coin
ENJ
|
-0.39877617 |
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)