Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.94799304 |
details, prediction |
Litecoin
LTC
|
0.9283722 |
details, prediction |
Cardano
ADA
|
0.8990394 |
details, prediction |
Crypto.com Chain
CRO
|
0.8806907 |
details, prediction |
XRP
XRP
|
0.87995636 |
details, prediction |
|
Second tier
|
Waves
WAVES
|
0.94692695 |
details, prediction |
Vechain
VET
|
0.9407044 |
details, prediction |
Status
SNT
|
0.9323861 |
details, prediction |
Theta Fuel
TFUEL
|
0.9240755 |
details, prediction |
Tezos
XTZ
|
0.92189556 |
details, prediction |
|
Third tier
|
SingularityNET
AGI
|
0.96236515 |
details, prediction |
LAToken
LA
|
0.9596201 |
details, prediction |
Lisk
LSK
|
0.9439992 |
details, prediction |
ARK
ARK
|
0.9421881 |
details, prediction |
QuarkChain
QKC
|
0.9420591 |
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 |
Stellar
XLM
|
-0.5811928 |
details, prediction |
TRON
TRX
|
-0.37958202 |
details, prediction |
ZCash
ZEC
|
-0.34415364 |
details, prediction |
Binance Coin
BNB
|
0.124602646 |
details, prediction |
|
Second tier
|
OriginTrail
TRAC
|
-0.6552291 |
details, prediction |
Dai
DAI
|
-0.57952434 |
details, prediction |
USD//Coin
USDC
|
-0.5363544 |
details, prediction |
Telcoin
TEL
|
-0.4566378 |
details, prediction |
True USD
TUSD
|
-0.18276496 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.17825964 |
details, prediction |
FunFair
FUN
|
-0.1285039 |
details, prediction |
HEROcoin
PLAY
|
-0.120988265 |
details, prediction |
OPEN Platform
OPEN
|
-0.11232223 |
details, prediction |
Constellation
DAG
|
0.20612597 |
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)