Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.8832789 |
details, prediction |
KuCoin Shares
KCS
|
0.80851454 |
details, prediction |
Bitcoin Cash
BCH
|
0.7893953 |
details, prediction |
Stellar
XLM
|
0.7696567 |
details, prediction |
XRP
XRP
|
0.7636083 |
details, prediction |
|
Second tier
|
Theta Fuel
TFUEL
|
0.89980537 |
details, prediction |
NEO
NEO
|
0.8959753 |
details, prediction |
Crypto.com Chain
CRO
|
0.86017805 |
details, prediction |
0x
ZRX
|
0.8574005 |
details, prediction |
Bitcoin Gold
BTG
|
0.8493192 |
details, prediction |
|
Third tier
|
Gas
GAS
|
0.91825753 |
details, prediction |
Steem
STEEM
|
0.91017413 |
details, prediction |
Kyber Network
KNC
|
0.88119125 |
details, prediction |
PIVX
PIVX
|
0.87985975 |
details, prediction |
SingularityNET
AGI
|
0.8493793 |
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
|
Monero
XMR
|
0.044367097 |
details, prediction |
ChainLink
LINK
|
0.27315024 |
details, prediction |
Ethereum
ETH
|
0.2823304 |
details, prediction |
ZCash
ZEC
|
0.35591054 |
details, prediction |
TRON
TRX
|
0.37664562 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.7277245 |
details, prediction |
DigiByte
DGB
|
-0.14094086 |
details, prediction |
USD//Coin
USDC
|
-0.015639639 |
details, prediction |
True USD
TUSD
|
0.047262307 |
details, prediction |
Bitcoin SV
BSV
|
0.15759842 |
details, prediction |
|
Third tier
|
NKN
NKN
|
-0.47703436 |
details, prediction |
V Systems
VSYS
|
-0.21737118 |
details, prediction |
Matrix AI Network
MAN
|
-0.12191235 |
details, prediction |
Propy
PRO
|
-0.09723313 |
details, prediction |
OPEN Platform
OPEN
|
-0.019599043 |
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)