Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Fantom
FTM
|
0.9854497 |
details, prediction |
TRON
TRX
|
0.6491953 |
details, prediction |
Binance Coin
BNB
|
0.5047751 |
details, prediction |
Maker
MKR
|
0.4944403 |
details, prediction |
Litecoin
LTC
|
0.47181267 |
details, prediction |
|
Second tier
|
SwissBorg
CHSB
|
0.7787295 |
details, prediction |
Telcoin
TEL
|
0.74237716 |
details, prediction |
Siacoin
SC
|
0.7292838 |
details, prediction |
Ardor
ARDR
|
0.7040615 |
details, prediction |
GXShares
GXS
|
0.65323675 |
details, prediction |
|
Third tier
|
Molecule
MOL
|
0.9946314 |
details, prediction |
Yggdrash
YEED
|
0.9806958 |
details, prediction |
Tidex Token
TDX
|
0.9581586 |
details, prediction |
SpankChain
SPANK
|
0.9201599 |
details, prediction |
SIX
SIX
|
0.91581637 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Ellaism 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 Ellaism
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
-0.13996212 |
details, prediction |
ZCash
ZEC
|
0.15840204 |
details, prediction |
Ethereum
ETH
|
0.17304061 |
details, prediction |
KuCoin Shares
KCS
|
0.1958171 |
details, prediction |
Ethereum Classic
ETC
|
0.21426544 |
details, prediction |
|
Second tier
|
Paxos Standard
PAX
|
-0.3858458 |
details, prediction |
Dai
DAI
|
-0.3389971 |
details, prediction |
USD//Coin
USDC
|
-0.31730536 |
details, prediction |
True USD
TUSD
|
-0.20209754 |
details, prediction |
Basic Attention Token
BAT
|
-0.046367563 |
details, prediction |
|
Third tier
|
Darico
DEC
|
-0.8063759 |
details, prediction |
Nasdacoin
NSD
|
-0.6907418 |
details, prediction |
ODEM
ODEM
|
-0.6849924 |
details, prediction |
Wowbit
WWB
|
-0.65532035 |
details, prediction |
UnbreakableCoin
UNB
|
-0.61849004 |
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)