Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
0.61602026 |
details, prediction |
Bitcoin
BTC
|
0.5952767 |
details, prediction |
Ethereum
ETH
|
0.5108605 |
details, prediction |
TRON
TRX
|
0.4914261 |
details, prediction |
ChainLink
LINK
|
0.25655276 |
details, prediction |
|
Second tier
|
Bitcoin SV
BSV
|
0.53685117 |
details, prediction |
0x
ZRX
|
0.51855093 |
details, prediction |
Algorand
ALGO
|
0.514614 |
details, prediction |
HoloToken
HOT
|
0.506707 |
details, prediction |
Nexo
NEXO
|
0.4999064 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
0.90714926 |
details, prediction |
HEROcoin
PLAY
|
0.7456512 |
details, prediction |
Metal
MTL
|
0.5744229 |
details, prediction |
Loopring
LRC
|
0.5480141 |
details, prediction |
Kambria
KAT
|
0.5243018 |
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
|
Bitcoin Cash
BCH
|
-0.4698063 |
details, prediction |
Cardano
ADA
|
-0.46267125 |
details, prediction |
Crypto.com Chain
CRO
|
-0.41333988 |
details, prediction |
UNUS SED LEO
LEO
|
-0.22202323 |
details, prediction |
Ethereum Classic
ETC
|
-0.20484619 |
details, prediction |
|
Second tier
|
Verge
XVG
|
-0.7270451 |
details, prediction |
Dai
DAI
|
-0.6632702 |
details, prediction |
Telcoin
TEL
|
-0.51316524 |
details, prediction |
IOTA
IOT
|
-0.4802519 |
details, prediction |
Ardor
ARDR
|
-0.43412286 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
-0.9148666 |
details, prediction |
Wanchain
WAN
|
-0.87162036 |
details, prediction |
Dero
DERO
|
-0.75181675 |
details, prediction |
Dent
DENT
|
-0.73474956 |
details, prediction |
BABB
BAX
|
-0.6757805 |
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)