Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.9796178 |
details, prediction |
Litecoin
LTC
|
0.9662538 |
details, prediction |
ZCash
ZEC
|
0.94347423 |
details, prediction |
KuCoin Shares
KCS
|
0.9380617 |
details, prediction |
Stellar
XLM
|
0.9338449 |
details, prediction |
|
Second tier
|
DASH
DASH
|
0.9828981 |
details, prediction |
EOS
EOS
|
0.9777902 |
details, prediction |
Telcoin
TEL
|
0.95865995 |
details, prediction |
Synthetix Network Token
SNX
|
0.9546248 |
details, prediction |
NEO
NEO
|
0.9492057 |
details, prediction |
|
Third tier
|
Kleros
PNK
|
0.9709286 |
details, prediction |
Lisk
LSK
|
0.9577525 |
details, prediction |
Bancor
BNT
|
0.9522837 |
details, prediction |
Phantasma
SOUL
|
0.94970256 |
details, prediction |
Civic
CVC
|
0.9444273 |
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
|
-0.55498064 |
details, prediction |
UNUS SED LEO
LEO
|
0.3991142 |
details, prediction |
Dogecoin
DOGE
|
0.6311259 |
details, prediction |
Binance Coin
BNB
|
0.63227504 |
details, prediction |
Bitcoin Cash
BCH
|
0.76297265 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.47862884 |
details, prediction |
Decred
DCR
|
-0.37547612 |
details, prediction |
True USD
TUSD
|
0.14696662 |
details, prediction |
Verge
XVG
|
0.23471342 |
details, prediction |
Zilliqa
ZIL
|
0.36249503 |
details, prediction |
|
Third tier
|
Dent
DENT
|
-0.07646381 |
details, prediction |
HEROcoin
PLAY
|
0.0704315 |
details, prediction |
BABB
BAX
|
0.07858504 |
details, prediction |
Propy
PRO
|
0.106323354 |
details, prediction |
Constellation
DAG
|
0.11420136 |
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)