Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.60232127 |
details, prediction |
KuCoin Shares
KCS
|
0.5644611 |
details, prediction |
Dogecoin
DOGE
|
0.5337386 |
details, prediction |
Ethereum Classic
ETC
|
0.5293353 |
details, prediction |
XRP
XRP
|
0.33774558 |
details, prediction |
|
Second tier
|
FTX Token
FTT
|
0.7748925 |
details, prediction |
Cosmos
ATOM
|
0.7384954 |
details, prediction |
Chiliz
CHZ
|
0.6825307 |
details, prediction |
IOTA
IOT
|
0.6691447 |
details, prediction |
Basic Attention Token
BAT
|
0.6452617 |
details, prediction |
|
Third tier
|
BABB
BAX
|
0.7033728 |
details, prediction |
SingularityNET
AGI
|
0.7011233 |
details, prediction |
IoTeX
IOTX
|
0.6571085 |
details, prediction |
LAToken
LA
|
0.6282331 |
details, prediction |
Enjin Coin
ENJ
|
0.6272508 |
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
|
-0.17713298 |
details, prediction |
Cardano
ADA
|
0.011779586 |
details, prediction |
Ethereum
ETH
|
0.04376982 |
details, prediction |
Monero
XMR
|
0.084706336 |
details, prediction |
ChainLink
LINK
|
0.10702846 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
-0.39068654 |
details, prediction |
Decred
DCR
|
-0.10545816 |
details, prediction |
Bitcoin Gold
BTG
|
-0.053293355 |
details, prediction |
HoloToken
HOT
|
0.04740213 |
details, prediction |
USD//Coin
USDC
|
0.04860075 |
details, prediction |
|
Third tier
|
Constellation
DAG
|
-0.46206692 |
details, prediction |
NKN
NKN
|
-0.42246842 |
details, prediction |
V Systems
VSYS
|
-0.42208284 |
details, prediction |
Matrix AI Network
MAN
|
-0.10780826 |
details, prediction |
OPEN Platform
OPEN
|
-0.10683272 |
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)