Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.9587542 |
details, prediction |
XRP
XRP
|
0.9403174 |
details, prediction |
Dogecoin
DOGE
|
0.9372366 |
details, prediction |
Bitcoin
BTC
|
0.9281252 |
details, prediction |
Litecoin
LTC
|
0.90885115 |
details, prediction |
|
Second tier
|
QTUM
QTUM
|
0.9780814 |
details, prediction |
NEO
NEO
|
0.9725349 |
details, prediction |
Horizen
ZEN
|
0.95312786 |
details, prediction |
Status
SNT
|
0.95248824 |
details, prediction |
Verge
XVG
|
0.94980854 |
details, prediction |
|
Third tier
|
Internet of Services
IOST
|
0.9616751 |
details, prediction |
Gas
GAS
|
0.9556624 |
details, prediction |
Civic
CVC
|
0.95440376 |
details, prediction |
Power Ledger
POWR
|
0.94855875 |
details, prediction |
Bancor
BNT
|
0.94818556 |
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
|
-0.53168595 |
details, prediction |
TRON
TRX
|
0.2305997 |
details, prediction |
ZCash
ZEC
|
0.3098845 |
details, prediction |
Ethereum
ETH
|
0.8014044 |
details, prediction |
Binance Coin
BNB
|
0.80771595 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.8649915 |
details, prediction |
Dai
DAI
|
-0.74068385 |
details, prediction |
True USD
TUSD
|
-0.66876745 |
details, prediction |
DigiByte
DGB
|
0.46785966 |
details, prediction |
OriginTrail
TRAC
|
0.48525155 |
details, prediction |
|
Third tier
|
Propy
PRO
|
-0.18325105 |
details, prediction |
Matrix AI Network
MAN
|
-0.123627536 |
details, prediction |
Phantasma
SOUL
|
-0.07343333 |
details, prediction |
V Systems
VSYS
|
0.046604693 |
details, prediction |
NKN
NKN
|
0.32373047 |
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)