Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
XRP
XRP
|
0.88253605 |
details, prediction |
Cardano
ADA
|
0.87668544 |
details, prediction |
Litecoin
LTC
|
0.8750779 |
details, prediction |
Ethereum Classic
ETC
|
0.871367 |
details, prediction |
Binance Coin
BNB
|
0.85806 |
details, prediction |
|
Second tier
|
Basic Attention Token
BAT
|
0.8682533 |
details, prediction |
Telcoin
TEL
|
0.8551786 |
details, prediction |
Vechain
VET
|
0.8430766 |
details, prediction |
IOTA
IOT
|
0.83770025 |
details, prediction |
Decentraland
MANA
|
0.8325647 |
details, prediction |
|
Third tier
|
Lisk
LSK
|
0.8938305 |
details, prediction |
SingularityNET
AGI
|
0.86940336 |
details, prediction |
Internet of Services
IOST
|
0.85097194 |
details, prediction |
Civic
CVC
|
0.8408292 |
details, prediction |
SwftCoin
SWFTC
|
0.8374576 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that aelf 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 aelf
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.5316066 |
details, prediction |
ZCash
ZEC
|
0.0106950505 |
details, prediction |
Bitcoin
BTC
|
0.43628854 |
details, prediction |
Dogecoin
DOGE
|
0.54426545 |
details, prediction |
Monero
XMR
|
0.5637503 |
details, prediction |
|
Second tier
|
Nexo
NEXO
|
-0.1781269 |
details, prediction |
Decred
DCR
|
0.028496508 |
details, prediction |
Algorand
ALGO
|
0.030978153 |
details, prediction |
True USD
TUSD
|
0.14175847 |
details, prediction |
USD//Coin
USDC
|
0.2075459 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.39729914 |
details, prediction |
Ontology
ONT
|
-0.3673459 |
details, prediction |
Enjin Coin
ENJ
|
-0.18993144 |
details, prediction |
Kambria
KAT
|
-0.17077412 |
details, prediction |
NKN
NKN
|
-0.006533871 |
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)