Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
0.963114 |
details, prediction |
TRON
TRX
|
0.94220096 |
details, prediction |
Ethereum
ETH
|
0.92654747 |
details, prediction |
Dogecoin
DOGE
|
0.9229692 |
details, prediction |
Maker
MKR
|
0.9209128 |
details, prediction |
|
Second tier
|
Zilliqa
ZIL
|
0.95979017 |
details, prediction |
XYO Network
XYO
|
0.9592026 |
details, prediction |
HoloToken
HOT
|
0.95110667 |
details, prediction |
BitTorrent
BTT
|
0.9506613 |
details, prediction |
DASH
DASH
|
0.9478781 |
details, prediction |
|
Third tier
|
BHPCash
BHPC
|
0.98264104 |
details, prediction |
VIN chain
VIN
|
0.9711088 |
details, prediction |
Phore
PHR
|
0.965348 |
details, prediction |
FedoraCoin
TIPS
|
0.9634423 |
details, prediction |
Dreamscape
DSC
|
0.961905 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that EncryptoTel 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 EncryptoTel
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.34271792 |
details, prediction |
Ethereum Classic
ETC
|
0.68944603 |
details, prediction |
Matic Network
MATIC
|
0.6908771 |
details, prediction |
Bitcoin
BTC
|
0.7312899 |
details, prediction |
SONM
SNM
|
0.7670068 |
details, prediction |
|
Second tier
|
FirstBlood
1ST
|
-0.59636045 |
details, prediction |
HedgeTrade
HEDG
|
-0.53564477 |
details, prediction |
Synthetix Network Token
SNX
|
-0.38355055 |
details, prediction |
SwissBorg
CHSB
|
-0.34402004 |
details, prediction |
FTX Token
FTT
|
-0.24184978 |
details, prediction |
|
Third tier
|
Winchain
WIN
|
-0.9597879 |
details, prediction |
BipCoin
BIP
|
-0.7782792 |
details, prediction |
Seele
SEELE
|
-0.68696725 |
details, prediction |
Envion
EVN
|
-0.6757699 |
details, prediction |
Hubiit
HBT
|
-0.6551495 |
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)