Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Maker
MKR
|
0.8585026 |
details, prediction |
Binance Coin
BNB
|
0.8435779 |
details, prediction |
Litecoin
LTC
|
0.82973033 |
details, prediction |
Dogecoin
DOGE
|
0.82505405 |
details, prediction |
Monero
XMR
|
0.82151306 |
details, prediction |
|
Second tier
|
GXShares
GXS
|
0.9054702 |
details, prediction |
Siacoin
SC
|
0.88344806 |
details, prediction |
MonaCoin
MONA
|
0.87764627 |
details, prediction |
Horizen
ZEN
|
0.8767556 |
details, prediction |
Status
SNT
|
0.84795064 |
details, prediction |
|
Third tier
|
GXChain
GXC
|
0.9051403 |
details, prediction |
BABB
BAX
|
0.8946891 |
details, prediction |
Cardstack
CARD
|
0.88924474 |
details, prediction |
EdenChain
EDN
|
0.8887086 |
details, prediction |
TokenPay
TPAY
|
0.88434356 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Ethersocial 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 Ethersocial
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin
BTC
|
0.2963698 |
details, prediction |
KuCoin Shares
KCS
|
0.3209883 |
details, prediction |
ChainLink
LINK
|
0.43739697 |
details, prediction |
Ethereum Classic
ETC
|
0.46187153 |
details, prediction |
Matic Network
MATIC
|
0.5052534 |
details, prediction |
|
Second tier
|
FirstBlood
1ST
|
-0.60132736 |
details, prediction |
HedgeTrade
HEDG
|
-0.5964195 |
details, prediction |
Synthetix Network Token
SNX
|
-0.51384395 |
details, prediction |
SwissBorg
CHSB
|
-0.4983667 |
details, prediction |
Huobi Token
HT
|
-0.12789683 |
details, prediction |
|
Third tier
|
Vitae
VITAE
|
-0.8528451 |
details, prediction |
Winchain
WIN
|
-0.84122676 |
details, prediction |
Prizm
PZM
|
-0.83136505 |
details, prediction |
SIX
SIX
|
-0.8297253 |
details, prediction |
Digix Gold Token
DGX
|
-0.73865104 |
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)