Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.8416964 |
details, prediction |
Litecoin
LTC
|
0.8074489 |
details, prediction |
Cardano
ADA
|
0.6560489 |
details, prediction |
Crypto.com Chain
CRO
|
0.63033515 |
details, prediction |
XRP
XRP
|
0.62757856 |
details, prediction |
|
Second tier
|
Waves
WAVES
|
0.83909184 |
details, prediction |
Vechain
VET
|
0.79870486 |
details, prediction |
Status
SNT
|
0.77595097 |
details, prediction |
Theta Fuel
TFUEL
|
0.75843614 |
details, prediction |
Tezos
XTZ
|
0.7534717 |
details, prediction |
|
Third tier
|
LAToken
LA
|
0.9484894 |
details, prediction |
SingularityNET
AGI
|
0.88071716 |
details, prediction |
ARK
ARK
|
0.8229089 |
details, prediction |
Lisk
LSK
|
0.8202483 |
details, prediction |
QuarkChain
QKC
|
0.818354 |
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
|
UNUS SED LEO
LEO
|
-0.97360694 |
details, prediction |
TRON
TRX
|
-0.6233108 |
details, prediction |
ZCash
ZEC
|
-0.43204543 |
details, prediction |
Monero
XMR
|
-0.16896169 |
details, prediction |
Binance Coin
BNB
|
-0.075124815 |
details, prediction |
|
Second tier
|
OriginTrail
TRAC
|
-0.787864 |
details, prediction |
Telcoin
TEL
|
-0.63493896 |
details, prediction |
Dai
DAI
|
-0.5299983 |
details, prediction |
USD//Coin
USDC
|
-0.45670262 |
details, prediction |
Cosmos
ATOM
|
-0.37011197 |
details, prediction |
|
Third tier
|
Constellation
DAG
|
-0.51754653 |
details, prediction |
HEROcoin
PLAY
|
-0.32614896 |
details, prediction |
V Systems
VSYS
|
-0.202847 |
details, prediction |
FunFair
FUN
|
-0.1285039 |
details, prediction |
Bancor
BNT
|
-0.11036987 |
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)