Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.94181997 |
details, prediction |
Dogecoin
DOGE
|
0.934288 |
details, prediction |
Litecoin
LTC
|
0.9276729 |
details, prediction |
XRP
XRP
|
0.9066986 |
details, prediction |
Bitcoin
BTC
|
0.8938926 |
details, prediction |
|
Second tier
|
NEO
NEO
|
0.9633314 |
details, prediction |
HoloToken
HOT
|
0.9472381 |
details, prediction |
Theta
THETA
|
0.92454916 |
details, prediction |
0x
ZRX
|
0.9223982 |
details, prediction |
QTUM
QTUM
|
0.91862196 |
details, prediction |
|
Third tier
|
Gas
GAS
|
0.93796486 |
details, prediction |
Bancor
BNT
|
0.92513347 |
details, prediction |
Hydro Protocol
HOT
|
0.9192674 |
details, prediction |
PIVX
PIVX
|
0.90803146 |
details, prediction |
Kyber Network
KNC
|
0.89707965 |
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
|
0.24332663 |
details, prediction |
Monero
XMR
|
0.75765884 |
details, prediction |
KuCoin Shares
KCS
|
0.76954883 |
details, prediction |
Cardano
ADA
|
0.8594784 |
details, prediction |
Binance Coin
BNB
|
0.86488664 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
-0.54189664 |
details, prediction |
USD//Coin
USDC
|
-0.2926956 |
details, prediction |
True USD
TUSD
|
-0.25250027 |
details, prediction |
aelf
ELF
|
0.17483187 |
details, prediction |
DigiByte
DGB
|
0.28924984 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.6530636 |
details, prediction |
ICON
ICX
|
-0.61522025 |
details, prediction |
NKN
NKN
|
-0.5537364 |
details, prediction |
Matrix AI Network
MAN
|
-0.52658147 |
details, prediction |
HEROcoin
PLAY
|
-0.47331727 |
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)