Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
0.9153065 |
details, prediction |
Ethereum Classic
ETC
|
0.91264254 |
details, prediction |
Stellar
XLM
|
0.8937675 |
details, prediction |
Bitcoin Cash
BCH
|
0.8866285 |
details, prediction |
Cardano
ADA
|
0.8706326 |
details, prediction |
|
Second tier
|
Theta Fuel
TFUEL
|
0.97360766 |
details, prediction |
Status
SNT
|
0.97001296 |
details, prediction |
Bitcoin Gold
BTG
|
0.9691808 |
details, prediction |
iEx.ec
RLC
|
0.9643473 |
details, prediction |
FTX Token
FTT
|
0.9623236 |
details, prediction |
|
Third tier
|
Kyber Network
KNC
|
0.97488636 |
details, prediction |
ICON
ICX
|
0.960615 |
details, prediction |
Internet of Services
IOST
|
0.96036875 |
details, prediction |
Loopring
LRC
|
0.96031624 |
details, prediction |
NKN
NKN
|
0.95984256 |
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
|
-0.38326517 |
details, prediction |
UNUS SED LEO
LEO
|
0.1732039 |
details, prediction |
Binance Coin
BNB
|
0.38073328 |
details, prediction |
Dogecoin
DOGE
|
0.4677958 |
details, prediction |
XRP
XRP
|
0.7131951 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.45521337 |
details, prediction |
Dai
DAI
|
-0.42327705 |
details, prediction |
Verge
XVG
|
0.14611149 |
details, prediction |
True USD
TUSD
|
0.18623173 |
details, prediction |
Zilliqa
ZIL
|
0.36779085 |
details, prediction |
|
Third tier
|
BABB
BAX
|
-0.31862494 |
details, prediction |
HEROcoin
PLAY
|
-0.1293672 |
details, prediction |
Constellation
DAG
|
-0.09057431 |
details, prediction |
Dero
DERO
|
-0.025145754 |
details, prediction |
Dent
DENT
|
0.028493654 |
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)