Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
0.77631944 |
details, prediction |
Dogecoin
DOGE
|
0.724377 |
details, prediction |
ZCash
ZEC
|
0.6519356 |
details, prediction |
Monero
XMR
|
0.57996434 |
details, prediction |
Binance Coin
BNB
|
0.5658928 |
details, prediction |
|
Second tier
|
Telcoin
TEL
|
0.8216522 |
details, prediction |
FTX Token
FTT
|
0.79536813 |
details, prediction |
NEO
NEO
|
0.74019796 |
details, prediction |
OriginTrail
TRAC
|
0.6730626 |
details, prediction |
DASH
DASH
|
0.67126775 |
details, prediction |
|
Third tier
|
Constellation
DAG
|
0.75643957 |
details, prediction |
Storj
STORJ
|
0.7347246 |
details, prediction |
Bancor
BNT
|
0.7129047 |
details, prediction |
Loopring
LRC
|
0.56307244 |
details, prediction |
Komodo
KMD
|
0.55715 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Ethereum Classic 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 Ethereum Classic
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.27466407 |
details, prediction |
KuCoin Shares
KCS
|
-0.20513934 |
details, prediction |
Bitcoin Cash
BCH
|
-0.09320684 |
details, prediction |
Crypto.com Chain
CRO
|
-0.07657462 |
details, prediction |
Ethereum
ETH
|
0.097147554 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.38032854 |
details, prediction |
USD//Coin
USDC
|
-0.3188626 |
details, prediction |
Verge
XVG
|
-0.23617993 |
details, prediction |
Decred
DCR
|
-0.22226343 |
details, prediction |
DigiByte
DGB
|
-0.10994918 |
details, prediction |
|
Third tier
|
LAToken
LA
|
-0.66450495 |
details, prediction |
Phantasma
SOUL
|
-0.5805822 |
details, prediction |
SingularityNET
AGI
|
-0.47652173 |
details, prediction |
NKN
NKN
|
-0.32018673 |
details, prediction |
Ontology
ONT
|
-0.29954886 |
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)