Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.91442174 |
details, prediction |
Ethereum Classic
ETC
|
0.9008781 |
details, prediction |
Stellar
XLM
|
0.8954051 |
details, prediction |
Litecoin
LTC
|
0.8876374 |
details, prediction |
Crypto.com Chain
CRO
|
0.8647066 |
details, prediction |
|
Second tier
|
0x
ZRX
|
0.9723592 |
details, prediction |
Horizen
ZEN
|
0.9678306 |
details, prediction |
Telcoin
TEL
|
0.9650871 |
details, prediction |
Decentraland
MANA
|
0.96140444 |
details, prediction |
Basic Attention Token
BAT
|
0.95543265 |
details, prediction |
|
Third tier
|
SwftCoin
SWFTC
|
0.97560596 |
details, prediction |
Lisk
LSK
|
0.9706157 |
details, prediction |
Bancor
BNT
|
0.9702431 |
details, prediction |
Metal
MTL
|
0.9613586 |
details, prediction |
Storj
STORJ
|
0.9593678 |
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
|
-0.47124177 |
details, prediction |
UNUS SED LEO
LEO
|
0.1290543 |
details, prediction |
Binance Coin
BNB
|
0.3670558 |
details, prediction |
Dogecoin
DOGE
|
0.63894784 |
details, prediction |
XRP
XRP
|
0.7061597 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.3995087 |
details, prediction |
Dai
DAI
|
-0.3620936 |
details, prediction |
True USD
TUSD
|
0.12455407 |
details, prediction |
Verge
XVG
|
0.4235314 |
details, prediction |
Zilliqa
ZIL
|
0.5135729 |
details, prediction |
|
Third tier
|
Dent
DENT
|
-0.103606686 |
details, prediction |
HEROcoin
PLAY
|
-0.015790032 |
details, prediction |
Constellation
DAG
|
0.12282344 |
details, prediction |
BABB
BAX
|
0.2525971 |
details, prediction |
Dero
DERO
|
0.30510476 |
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)