Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.91908455 |
details, prediction |
Dogecoin
DOGE
|
0.8798513 |
details, prediction |
Bitcoin Cash
BCH
|
0.84760743 |
details, prediction |
XRP
XRP
|
0.8331352 |
details, prediction |
KuCoin Shares
KCS
|
0.73006415 |
details, prediction |
|
Second tier
|
Waves
WAVES
|
0.9403837 |
details, prediction |
Siacoin
SC
|
0.9395283 |
details, prediction |
Status
SNT
|
0.9371815 |
details, prediction |
Zilliqa
ZIL
|
0.9328591 |
details, prediction |
Ravencoin
RVN
|
0.92668134 |
details, prediction |
|
Third tier
|
Civic
CVC
|
0.9465252 |
details, prediction |
ARK
ARK
|
0.94018304 |
details, prediction |
Storj
STORJ
|
0.9393257 |
details, prediction |
Steem
STEEM
|
0.93327504 |
details, prediction |
SwftCoin
SWFTC
|
0.9320522 |
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
|
-0.014154146 |
details, prediction |
Stellar
XLM
|
-8.3245E-4 |
details, prediction |
ChainLink
LINK
|
0.23791891 |
details, prediction |
Ethereum
ETH
|
0.30890128 |
details, prediction |
ZCash
ZEC
|
0.3352747 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.84018135 |
details, prediction |
USD//Coin
USDC
|
-0.42566618 |
details, prediction |
DigiByte
DGB
|
-0.23682657 |
details, prediction |
True USD
TUSD
|
-0.010793994 |
details, prediction |
Bitcoin SV
BSV
|
0.24652722 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.17633133 |
details, prediction |
Propy
PRO
|
-0.17106214 |
details, prediction |
NKN
NKN
|
-0.08845851 |
details, prediction |
Achain
ACT
|
-0.0036543612 |
details, prediction |
Phantasma
SOUL
|
0.122616336 |
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)