Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Binance Coin
BNB
|
0.9546378 |
details, prediction |
DASH
DASH
|
0.9508112 |
details, prediction |
IOTA
IOT
|
0.94923556 |
details, prediction |
Huobi Token
HT
|
0.9440027 |
details, prediction |
TRON
TRX
|
0.9415033 |
details, prediction |
Second tier
|
Power Ledger
POWR
|
0.9703552 |
details, prediction |
Steem
STEEM
|
0.9696597 |
details, prediction |
Wanchain
WAN
|
0.9653847 |
details, prediction |
Komodo
KMD
|
0.96286887 |
details, prediction |
Lisk
LSK
|
0.9602282 |
details, prediction |
Third tier
|
Lympo
LYM
|
0.9639686 |
details, prediction |
Solve.Care
SOLVE
|
0.9600916 |
details, prediction |
Vexanium
VEX
|
0.9592564 |
details, prediction |
Bibox Token
BIX
|
0.9557807 |
details, prediction |
QuarkChain
QKC
|
0.9553175 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Einsteinium 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 Einsteinium
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
XRP
XRP
|
0.37642246 |
details, prediction |
Bitcoin SV
BSV
|
0.63690776 |
details, prediction |
Ethereum
ETH
|
0.6804814 |
details, prediction |
Maker
MKR
|
0.70806074 |
details, prediction |
Decred
DCR
|
0.73455983 |
details, prediction |
Second tier
|
GlitzKoin
GTN
|
-0.38728157 |
details, prediction |
DxChain
DX
|
-0.19586419 |
details, prediction |
Dai
DAI
|
-0.028903475 |
details, prediction |
True USD
TUSD
|
0.049435508 |
details, prediction |
USD//Coin
USDC
|
0.05756919 |
details, prediction |
Third tier
|
CryptoPay
CPAY
|
-0.7066056 |
details, prediction |
Kleros
PNK
|
-0.640194 |
details, prediction |
VIBEHub
VIBE
|
-0.6263969 |
details, prediction |
Dragon Coin
DRG
|
-0.5321275 |
details, prediction |
Waves Community Token
WCT
|
-0.4117801 |
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)