Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.92582524 |
details, prediction |
Litecoin
LTC
|
0.9141952 |
details, prediction |
Cardano
ADA
|
0.9133527 |
details, prediction |
Crypto.com Chain
CRO
|
0.89521223 |
details, prediction |
Monero
XMR
|
0.88934195 |
details, prediction |
|
Second tier
|
Decentraland
MANA
|
0.9685233 |
details, prediction |
0x
ZRX
|
0.9647191 |
details, prediction |
Basic Attention Token
BAT
|
0.96459645 |
details, prediction |
Horizen
ZEN
|
0.9645956 |
details, prediction |
Telcoin
TEL
|
0.953545 |
details, prediction |
|
Third tier
|
SwftCoin
SWFTC
|
0.9731182 |
details, prediction |
Lisk
LSK
|
0.9716382 |
details, prediction |
Bancor
BNT
|
0.9659558 |
details, prediction |
Civic
CVC
|
0.9630791 |
details, prediction |
PIVX
PIVX
|
0.95273215 |
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
|
-0.64916927 |
details, prediction |
UNUS SED LEO
LEO
|
0.1290543 |
details, prediction |
ZCash
ZEC
|
0.54204965 |
details, prediction |
Binance Coin
BNB
|
0.57106996 |
details, prediction |
Dogecoin
DOGE
|
0.7415117 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.42421323 |
details, prediction |
Decred
DCR
|
-0.14926735 |
details, prediction |
True USD
TUSD
|
0.09547621 |
details, prediction |
Verge
XVG
|
0.5413465 |
details, prediction |
Algorand
ALGO
|
0.59890014 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.2886393 |
details, prediction |
Kambria
KAT
|
-0.13280128 |
details, prediction |
HEROcoin
PLAY
|
-0.07599694 |
details, prediction |
Enjin Coin
ENJ
|
0.074106365 |
details, prediction |
OPEN Platform
OPEN
|
0.078059465 |
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)