Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.83336484 |
details, prediction |
Ethereum
ETH
|
0.8288004 |
details, prediction |
XRP
XRP
|
0.81166553 |
details, prediction |
Bitcoin Cash
BCH
|
0.8097916 |
details, prediction |
Litecoin
LTC
|
0.78306925 |
details, prediction |
|
Second tier
|
Theta Fuel
TFUEL
|
0.8206336 |
details, prediction |
Ravencoin
RVN
|
0.81802577 |
details, prediction |
Nexo
NEXO
|
0.81714255 |
details, prediction |
Waves
WAVES
|
0.80860925 |
details, prediction |
Vechain
VET
|
0.8069126 |
details, prediction |
|
Third tier
|
Kambria
KAT
|
0.860401 |
details, prediction |
LAToken
LA
|
0.82829773 |
details, prediction |
SingularityNET
AGI
|
0.80648124 |
details, prediction |
Lisk
LSK
|
0.80284256 |
details, prediction |
ICON
ICX
|
0.801596 |
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
|
Stellar
XLM
|
-0.4596096 |
details, prediction |
ZCash
ZEC
|
-0.35429892 |
details, prediction |
TRON
TRX
|
-0.25159517 |
details, prediction |
Binance Coin
BNB
|
0.45708138 |
details, prediction |
Monero
XMR
|
0.546563 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.75974834 |
details, prediction |
USD//Coin
USDC
|
-0.7447444 |
details, prediction |
True USD
TUSD
|
-0.30433613 |
details, prediction |
Telcoin
TEL
|
-0.28950694 |
details, prediction |
OriginTrail
TRAC
|
-0.0873292 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
-0.7891103 |
details, prediction |
V Systems
VSYS
|
-0.38480404 |
details, prediction |
Matrix AI Network
MAN
|
-0.1449488 |
details, prediction |
Propy
PRO
|
0.07877436 |
details, prediction |
Constellation
DAG
|
0.17145486 |
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)