Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
0.51534104 |
details, prediction |
Ethereum Classic
ETC
|
0.47571042 |
details, prediction |
Dogecoin
DOGE
|
0.3315106 |
details, prediction |
Litecoin
LTC
|
0.31063998 |
details, prediction |
Binance Coin
BNB
|
0.30955607 |
details, prediction |
|
Second tier
|
Siacoin
SC
|
0.74339134 |
details, prediction |
DASH
DASH
|
0.7046232 |
details, prediction |
Tezos
XTZ
|
0.6476334 |
details, prediction |
Horizen
ZEN
|
0.62525487 |
details, prediction |
Verge
XVG
|
0.60331166 |
details, prediction |
|
Third tier
|
PIVX
PIVX
|
0.7290295 |
details, prediction |
Power Ledger
POWR
|
0.710581 |
details, prediction |
Internet of Services
IOST
|
0.7091045 |
details, prediction |
ARK
ARK
|
0.6686669 |
details, prediction |
Civic
CVC
|
0.6543698 |
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
|
-0.41555378 |
details, prediction |
Bitcoin Cash
BCH
|
-6.597057E-4 |
details, prediction |
Cardano
ADA
|
0.04623081 |
details, prediction |
KuCoin Shares
KCS
|
0.05233215 |
details, prediction |
Ethereum
ETH
|
0.133515 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
-0.4721022 |
details, prediction |
USD//Coin
USDC
|
-0.43817005 |
details, prediction |
True USD
TUSD
|
-0.3969124 |
details, prediction |
aelf
ELF
|
-0.31328258 |
details, prediction |
DigiByte
DGB
|
-0.28397793 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.5975012 |
details, prediction |
Dero
DERO
|
-0.5737272 |
details, prediction |
V Systems
VSYS
|
-0.40610114 |
details, prediction |
Achain
ACT
|
-0.3921119 |
details, prediction |
OPEN Platform
OPEN
|
-0.3469782 |
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)