Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.69816816 |
details, prediction |
Ethereum Classic
ETC
|
0.55881995 |
details, prediction |
Dogecoin
DOGE
|
0.45898902 |
details, prediction |
KuCoin Shares
KCS
|
0.4069024 |
details, prediction |
Bitcoin Cash
BCH
|
0.33732694 |
details, prediction |
|
Second tier
|
Waves
WAVES
|
0.89871913 |
details, prediction |
Ravencoin
RVN
|
0.88681316 |
details, prediction |
Zilliqa
ZIL
|
0.8862862 |
details, prediction |
Basic Attention Token
BAT
|
0.8847577 |
details, prediction |
Synthetix Network Token
SNX
|
0.8315327 |
details, prediction |
|
Third tier
|
Storj
STORJ
|
0.9066749 |
details, prediction |
SwftCoin
SWFTC
|
0.87749743 |
details, prediction |
Internet of Services
IOST
|
0.8743897 |
details, prediction |
PIVX
PIVX
|
0.86222726 |
details, prediction |
Civic
CVC
|
0.8366708 |
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
|
Monero
XMR
|
-0.6292422 |
details, prediction |
ChainLink
LINK
|
-0.5230629 |
details, prediction |
Ethereum
ETH
|
-0.4918089 |
details, prediction |
ZCash
ZEC
|
-0.39922142 |
details, prediction |
Bitcoin
BTC
|
-0.26772878 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.75851625 |
details, prediction |
DigiByte
DGB
|
-0.636204 |
details, prediction |
Bitcoin SV
BSV
|
-0.44440818 |
details, prediction |
Decred
DCR
|
-0.20000331 |
details, prediction |
HoloToken
HOT
|
-0.06376553 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.596369 |
details, prediction |
Dent
DENT
|
-0.2619836 |
details, prediction |
Propy
PRO
|
-0.21510398 |
details, prediction |
NKN
NKN
|
-0.15224798 |
details, prediction |
AdEx
ADX
|
-0.13215716 |
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)