Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
0.85890067 |
details, prediction |
Bitcoin Cash
BCH
|
0.722413 |
details, prediction |
Ethereum
ETH
|
0.6934021 |
details, prediction |
Litecoin
LTC
|
0.6902534 |
details, prediction |
KuCoin Shares
KCS
|
0.65048087 |
details, prediction |
|
Second tier
|
HoloToken
HOT
|
0.7647198 |
details, prediction |
Status
SNT
|
0.7565586 |
details, prediction |
Ravencoin
RVN
|
0.73401725 |
details, prediction |
Chiliz
CHZ
|
0.72804624 |
details, prediction |
Vechain
VET
|
0.70323336 |
details, prediction |
|
Third tier
|
LAToken
LA
|
0.8719847 |
details, prediction |
Hydro Protocol
HOT
|
0.77862495 |
details, prediction |
Phantasma
SOUL
|
0.77356905 |
details, prediction |
Metal
MTL
|
0.7360457 |
details, prediction |
Civic
CVC
|
0.72799957 |
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
|
Stellar
XLM
|
-0.5513284 |
details, prediction |
ZCash
ZEC
|
-0.16843139 |
details, prediction |
TRON
TRX
|
-0.05100874 |
details, prediction |
Binance Coin
BNB
|
-0.026804732 |
details, prediction |
Monero
XMR
|
0.2737715 |
details, prediction |
|
Second tier
|
OriginTrail
TRAC
|
-0.60662323 |
details, prediction |
Dai
DAI
|
-0.45608312 |
details, prediction |
Telcoin
TEL
|
-0.4014022 |
details, prediction |
USD//Coin
USDC
|
-0.23675135 |
details, prediction |
Cosmos
ATOM
|
0.06704351 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
-0.56408674 |
details, prediction |
Komodo
KMD
|
-0.34284475 |
details, prediction |
Chronobank
TIME
|
-0.32670605 |
details, prediction |
FunFair
FUN
|
-0.17963107 |
details, prediction |
Matrix AI Network
MAN
|
-0.13760081 |
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)