Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.7580937 |
details, prediction |
XRP
XRP
|
0.638772 |
details, prediction |
Ethereum
ETH
|
0.6196387 |
details, prediction |
Monero
XMR
|
0.6118626 |
details, prediction |
Bitcoin
BTC
|
0.5912176 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
0.81036735 |
details, prediction |
Algorand
ALGO
|
0.7130141 |
details, prediction |
Request Network
REQ
|
0.6434934 |
details, prediction |
HoloToken
HOT
|
0.64266527 |
details, prediction |
Ardor
ARDR
|
0.6406719 |
details, prediction |
|
Third tier
|
Komodo
KMD
|
0.8923861 |
details, prediction |
Ontology
ONT
|
0.83259916 |
details, prediction |
SysCoin
SYS
|
0.7973721 |
details, prediction |
Wanchain
WAN
|
0.7883712 |
details, prediction |
Gas
GAS
|
0.7666949 |
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 |
KuCoin Shares
KCS
|
0.2097939 |
details, prediction |
ChainLink
LINK
|
0.22734196 |
details, prediction |
Bitcoin Cash
BCH
|
0.2895815 |
details, prediction |
TRON
TRX
|
0.3332134 |
details, prediction |
|
Second tier
|
Decred
DCR
|
0.010752878 |
details, prediction |
Cosmos
ATOM
|
0.065767705 |
details, prediction |
Theta
THETA
|
0.07905115 |
details, prediction |
Chiliz
CHZ
|
0.0869579 |
details, prediction |
Zilliqa
ZIL
|
0.101003125 |
details, prediction |
|
Third tier
|
Constellation
DAG
|
-0.14977708 |
details, prediction |
OPEN Platform
OPEN
|
-0.010720222 |
details, prediction |
Phantasma
SOUL
|
0.26131555 |
details, prediction |
Stox
STX
|
0.30883405 |
details, prediction |
NEM
XEM
|
0.34497708 |
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)