Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.9054233 |
details, prediction |
XRP
XRP
|
0.8458564 |
details, prediction |
Litecoin
LTC
|
0.83023196 |
details, prediction |
Bitcoin Cash
BCH
|
0.817795 |
details, prediction |
Bitcoin
BTC
|
0.74899167 |
details, prediction |
|
Second tier
|
NEO
NEO
|
0.9402051 |
details, prediction |
Algorand
ALGO
|
0.8852699 |
details, prediction |
Decentraland
MANA
|
0.8817397 |
details, prediction |
IOTA
IOT
|
0.85953504 |
details, prediction |
0x
ZRX
|
0.8499342 |
details, prediction |
|
Third tier
|
PIVX
PIVX
|
0.8921135 |
details, prediction |
Gas
GAS
|
0.888931 |
details, prediction |
Stox
STX
|
0.84803885 |
details, prediction |
Kyber Network
KNC
|
0.83505535 |
details, prediction |
Ontology
ONT
|
0.7975876 |
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
|
TRON
TRX
|
0.31992394 |
details, prediction |
Monero
XMR
|
0.5536916 |
details, prediction |
Cardano
ADA
|
0.63233334 |
details, prediction |
Stellar
XLM
|
0.64614934 |
details, prediction |
KuCoin Shares
KCS
|
0.6546006 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.32269663 |
details, prediction |
Ravencoin
RVN
|
-0.29835042 |
details, prediction |
USD//Coin
USDC
|
-0.23575227 |
details, prediction |
True USD
TUSD
|
-0.19914837 |
details, prediction |
aelf
ELF
|
-0.10400686 |
details, prediction |
|
Third tier
|
NKN
NKN
|
-0.57357085 |
details, prediction |
Matrix AI Network
MAN
|
-0.45206872 |
details, prediction |
OPEN Platform
OPEN
|
-0.4343269 |
details, prediction |
ICON
ICX
|
-0.39374125 |
details, prediction |
HEROcoin
PLAY
|
-0.29725543 |
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)