Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.9210614 |
details, prediction |
Crypto.com Chain
CRO
|
0.86265427 |
details, prediction |
Cardano
ADA
|
0.8131089 |
details, prediction |
Ethereum Classic
ETC
|
0.7045883 |
details, prediction |
KuCoin Shares
KCS
|
0.70431995 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
0.9879457 |
details, prediction |
Waves
WAVES
|
0.94618756 |
details, prediction |
Theta Fuel
TFUEL
|
0.93237704 |
details, prediction |
Siacoin
SC
|
0.9137476 |
details, prediction |
IOTA
IOT
|
0.8833413 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.9640153 |
details, prediction |
Komodo
KMD
|
0.9532211 |
details, prediction |
SingularityNET
AGI
|
0.94736236 |
details, prediction |
IoTeX
IOTX
|
0.9400266 |
details, prediction |
Internet of Services
IOST
|
0.90170175 |
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
|
-0.75419986 |
details, prediction |
UNUS SED LEO
LEO
|
-0.44662023 |
details, prediction |
ZCash
ZEC
|
-0.21562007 |
details, prediction |
Ethereum
ETH
|
-0.093811825 |
details, prediction |
Bitcoin
BTC
|
-0.011877413 |
details, prediction |
|
Second tier
|
Nexo
NEXO
|
-0.5947561 |
details, prediction |
Bitcoin SV
BSV
|
-0.30927077 |
details, prediction |
Algorand
ALGO
|
-0.29286778 |
details, prediction |
HoloToken
HOT
|
-0.20103936 |
details, prediction |
Decred
DCR
|
-0.15908462 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.59971 |
details, prediction |
V Systems
VSYS
|
-0.5042751 |
details, prediction |
OPEN Platform
OPEN
|
-0.4900195 |
details, prediction |
Enjin Coin
ENJ
|
-0.4488651 |
details, prediction |
Steem
STEEM
|
-0.25749442 |
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)