Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.88242656 |
details, prediction |
Bitcoin Cash
BCH
|
0.87140286 |
details, prediction |
Litecoin
LTC
|
0.84509283 |
details, prediction |
Cardano
ADA
|
0.8421249 |
details, prediction |
KuCoin Shares
KCS
|
0.8373792 |
details, prediction |
|
Second tier
|
EOS
EOS
|
0.94097525 |
details, prediction |
Status
SNT
|
0.9231893 |
details, prediction |
FTX Token
FTT
|
0.9188491 |
details, prediction |
iEx.ec
RLC
|
0.9102178 |
details, prediction |
Bitcoin Gold
BTG
|
0.90545475 |
details, prediction |
|
Third tier
|
Phantasma
SOUL
|
0.9350511 |
details, prediction |
Kyber Network
KNC
|
0.9094311 |
details, prediction |
Civic
CVC
|
0.9038567 |
details, prediction |
PIVX
PIVX
|
0.898274 |
details, prediction |
SingularityNET
AGI
|
0.89715713 |
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
|
-0.6036554 |
details, prediction |
UNUS SED LEO
LEO
|
0.012882728 |
details, prediction |
ZCash
ZEC
|
0.48436975 |
details, prediction |
Binance Coin
BNB
|
0.6318386 |
details, prediction |
Dogecoin
DOGE
|
0.67327565 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.41498163 |
details, prediction |
Dai
DAI
|
-0.31207177 |
details, prediction |
Nexo
NEXO
|
0.26851356 |
details, prediction |
True USD
TUSD
|
0.3295884 |
details, prediction |
Verge
XVG
|
0.3401936 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.24406853 |
details, prediction |
Dent
DENT
|
-0.078138016 |
details, prediction |
Enjin Coin
ENJ
|
0.004274834 |
details, prediction |
OPEN Platform
OPEN
|
0.058004964 |
details, prediction |
Propy
PRO
|
0.0952868 |
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)