Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
0.85890067 |
details, prediction |
Ethereum
ETH
|
0.32914624 |
details, prediction |
Bitcoin Cash
BCH
|
0.32765177 |
details, prediction |
Litecoin
LTC
|
0.29878077 |
details, prediction |
KuCoin Shares
KCS
|
0.2919626 |
details, prediction |
|
Second tier
|
Status
SNT
|
0.5126285 |
details, prediction |
HoloToken
HOT
|
0.5093886 |
details, prediction |
Chiliz
CHZ
|
0.46527743 |
details, prediction |
Ravencoin
RVN
|
0.42944878 |
details, prediction |
True USD
TUSD
|
0.35779142 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
0.62410116 |
details, prediction |
Hydro Protocol
HOT
|
0.53223497 |
details, prediction |
LAToken
LA
|
0.49732685 |
details, prediction |
HEROcoin
PLAY
|
0.44666055 |
details, prediction |
Metal
MTL
|
0.44206676 |
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
|
Crypto.com Chain
CRO
|
-0.28134206 |
details, prediction |
Binance Coin
BNB
|
-0.17057084 |
details, prediction |
Stellar
XLM
|
-0.09327012 |
details, prediction |
ZCash
ZEC
|
-0.030711964 |
details, prediction |
Cardano
ADA
|
0.022676827 |
details, prediction |
|
Second tier
|
OriginTrail
TRAC
|
-0.5073651 |
details, prediction |
Bitcoin Gold
BTG
|
-0.44427806 |
details, prediction |
Telcoin
TEL
|
-0.37114853 |
details, prediction |
Synthetix Network Token
SNX
|
-0.2960123 |
details, prediction |
Dai
DAI
|
-0.2915193 |
details, prediction |
|
Third tier
|
Matrix AI Network
MAN
|
-0.67096317 |
details, prediction |
Loopring
LRC
|
-0.56408674 |
details, prediction |
Stox
STX
|
-0.40060008 |
details, prediction |
Komodo
KMD
|
-0.34284475 |
details, prediction |
Chronobank
TIME
|
-0.32670605 |
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)