Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.88045037 |
details, prediction |
Ethereum Classic
ETC
|
0.7075947 |
details, prediction |
Dogecoin
DOGE
|
0.67617023 |
details, prediction |
KuCoin Shares
KCS
|
0.63491756 |
details, prediction |
Bitcoin Cash
BCH
|
0.4123829 |
details, prediction |
|
Second tier
|
Basic Attention Token
BAT
|
0.9288567 |
details, prediction |
Zilliqa
ZIL
|
0.91256785 |
details, prediction |
Waves
WAVES
|
0.9107422 |
details, prediction |
Ravencoin
RVN
|
0.8943027 |
details, prediction |
Synthetix Network Token
SNX
|
0.88786465 |
details, prediction |
|
Third tier
|
Internet of Services
IOST
|
0.92269135 |
details, prediction |
SwftCoin
SWFTC
|
0.91984534 |
details, prediction |
Civic
CVC
|
0.8920743 |
details, prediction |
Kambria
KAT
|
0.8657014 |
details, prediction |
ARK
ARK
|
0.8528564 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Enjin Coin 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 Enjin Coin
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Monero
XMR
|
-0.4603569 |
details, prediction |
Ethereum
ETH
|
-0.34973007 |
details, prediction |
ChainLink
LINK
|
-0.33769444 |
details, prediction |
ZCash
ZEC
|
-0.26424235 |
details, prediction |
Bitcoin
BTC
|
-0.06841806 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
-0.5855813 |
details, prediction |
Dai
DAI
|
-0.47407863 |
details, prediction |
Bitcoin SV
BSV
|
-0.4041063 |
details, prediction |
Decred
DCR
|
-0.21555415 |
details, prediction |
HoloToken
HOT
|
-0.14101231 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.633307 |
details, prediction |
NKN
NKN
|
-0.34654856 |
details, prediction |
Propy
PRO
|
-0.24551933 |
details, prediction |
Hydro Protocol
HOT
|
-0.20366482 |
details, prediction |
Dent
DENT
|
-0.11502551 |
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)