Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Litecoin
LTC
|
0.9230122 |
details, prediction |
Ethereum Classic
ETC
|
0.85434836 |
details, prediction |
Bitcoin Cash
BCH
|
0.84769636 |
details, prediction |
ZCash
ZEC
|
0.79683965 |
details, prediction |
Cardano
ADA
|
0.7919442 |
details, prediction |
|
Second tier
|
Algorand
ALGO
|
0.88998693 |
details, prediction |
NEO
NEO
|
0.85781443 |
details, prediction |
Tezos
XTZ
|
0.8564293 |
details, prediction |
Bitcoin SV
BSV
|
0.8557474 |
details, prediction |
Decentraland
MANA
|
0.83960664 |
details, prediction |
|
Third tier
|
ARK
ARK
|
0.89285904 |
details, prediction |
Steem
STEEM
|
0.85738283 |
details, prediction |
Power Ledger
POWR
|
0.8543938 |
details, prediction |
QuarkChain
QKC
|
0.8451264 |
details, prediction |
Hydro Protocol
HOT
|
0.82693946 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Electroneum 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 Electroneum
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.07779371 |
details, prediction |
KuCoin Shares
KCS
|
0.535152 |
details, prediction |
XRP
XRP
|
0.6636317 |
details, prediction |
Ethereum
ETH
|
0.6723056 |
details, prediction |
Monero
XMR
|
0.6748069 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
-0.6121382 |
details, prediction |
USD//Coin
USDC
|
-0.31020388 |
details, prediction |
True USD
TUSD
|
-0.28360754 |
details, prediction |
Telcoin
TEL
|
0.1595121 |
details, prediction |
aelf
ELF
|
0.18171206 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.55753183 |
details, prediction |
ICON
ICX
|
-0.49878067 |
details, prediction |
OPEN Platform
OPEN
|
-0.48462412 |
details, prediction |
Propy
PRO
|
-0.48325625 |
details, prediction |
Storj
STORJ
|
-0.45271087 |
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)