Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.9215998 |
details, prediction |
Dogecoin
DOGE
|
0.8818957 |
details, prediction |
Stellar
XLM
|
0.859356 |
details, prediction |
Fantom
FTM
|
0.83578074 |
details, prediction |
ZCash
ZEC
|
0.82470185 |
details, prediction |
|
Second tier
|
Telcoin
TEL
|
0.92505825 |
details, prediction |
Polymath Network
POLY
|
0.8960939 |
details, prediction |
0x
ZRX
|
0.8770251 |
details, prediction |
Decentraland
MANA
|
0.87686086 |
details, prediction |
Huobi Token
HT
|
0.8548509 |
details, prediction |
|
Third tier
|
Denarius
DNR
|
0.9367579 |
details, prediction |
NEM
XEM
|
0.91094255 |
details, prediction |
RevolutionVR
RVR
|
0.8997064 |
details, prediction |
BitBay
BAY
|
0.89602965 |
details, prediction |
BOScoin
BOS
|
0.89407676 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Elixir 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 Elixir
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.544166 |
details, prediction |
Binance Coin
BNB
|
-0.32268277 |
details, prediction |
ChainLink
LINK
|
-0.12848052 |
details, prediction |
Litecoin
LTC
|
-0.049514472 |
details, prediction |
Maker
MKR
|
0.27864513 |
details, prediction |
|
Second tier
|
HoloToken
HOT
|
-0.5615311 |
details, prediction |
Quant Network
QNT
|
-0.41475615 |
details, prediction |
Waves
WAVES
|
-0.29811397 |
details, prediction |
Theta
THETA
|
-0.10061009 |
details, prediction |
Loopring
LRC
|
-0.075286165 |
details, prediction |
|
Third tier
|
Chainium
CHX
|
-0.6639676 |
details, prediction |
GoldCoin
GLD
|
-0.66298735 |
details, prediction |
Blockport
BPT
|
-0.6042001 |
details, prediction |
Digix Gold Token
DGX
|
-0.56533873 |
details, prediction |
DAOstack
GEN
|
-0.53579503 |
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)