Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.78252137 |
details, prediction |
Stellar
XLM
|
0.73157597 |
details, prediction |
Ethereum Classic
ETC
|
0.71614486 |
details, prediction |
KuCoin Shares
KCS
|
0.5502574 |
details, prediction |
Bitcoin Cash
BCH
|
0.46545345 |
details, prediction |
|
Second tier
|
Chiliz
CHZ
|
0.8949845 |
details, prediction |
IOTA
IOT
|
0.8768961 |
details, prediction |
Verge
XVG
|
0.8726924 |
details, prediction |
Siacoin
SC
|
0.86812913 |
details, prediction |
iEx.ec
RLC
|
0.8656091 |
details, prediction |
|
Third tier
|
ARK
ARK
|
0.9113423 |
details, prediction |
Civic
CVC
|
0.8956435 |
details, prediction |
IoTeX
IOTX
|
0.8951602 |
details, prediction |
Internet of Services
IOST
|
0.87255716 |
details, prediction |
SwftCoin
SWFTC
|
0.87190294 |
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
|
Ethereum
ETH
|
-0.20641366 |
details, prediction |
Monero
XMR
|
-0.18651569 |
details, prediction |
ChainLink
LINK
|
-0.1608694 |
details, prediction |
ZCash
ZEC
|
-0.07693521 |
details, prediction |
TRON
TRX
|
-0.039163303 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.7955367 |
details, prediction |
DigiByte
DGB
|
-0.48083445 |
details, prediction |
Bitcoin SV
BSV
|
-0.25289842 |
details, prediction |
Decred
DCR
|
-0.15548679 |
details, prediction |
HoloToken
HOT
|
-0.119729534 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.5818408 |
details, prediction |
NKN
NKN
|
-0.50868523 |
details, prediction |
Propy
PRO
|
-0.45459294 |
details, prediction |
Hydro Protocol
HOT
|
-0.2522795 |
details, prediction |
Phantasma
SOUL
|
-0.1628865 |
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)