Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Ethereum Classic
ETC
|
0.816506 |
details, prediction |
Bitcoin SV
BSV
|
0.8076544 |
details, prediction |
Bitcoin
BTC
|
0.7918882 |
details, prediction |
EOS
EOS
|
0.7901223 |
details, prediction |
Bitcoin Cash
BCH
|
0.7890926 |
details, prediction |
Second tier
|
Waves
WAVES
|
0.898229 |
details, prediction |
Decred
DCR
|
0.8426805 |
details, prediction |
Bitcoin Gold
BTG
|
0.83204496 |
details, prediction |
Gas
GAS
|
0.8273329 |
details, prediction |
Nano
NANO
|
0.7859729 |
details, prediction |
Third tier
|
DigiCube
CUBE
|
0.9096114 |
details, prediction |
Pillar
PLR
|
0.87244064 |
details, prediction |
Einsteinium
EMC2
|
0.8704298 |
details, prediction |
Linker Coin
LNC
|
0.8519734 |
details, prediction |
Electroneum
ETN
|
0.8383134 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Expanse 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 Expanse
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
UNUS SED LEO
LEO
|
-0.8194746 |
details, prediction |
USD//Coin
USDC
|
-0.7628562 |
details, prediction |
Matic Network
MATIC
|
-0.67991 |
details, prediction |
Crypto.com Chain
CRO
|
-0.40061602 |
details, prediction |
KuCoin Shares
KCS
|
-0.38177106 |
details, prediction |
Second tier
|
SysCoin
SYS
|
-0.87572175 |
details, prediction |
Aragon
ANT
|
-0.8443505 |
details, prediction |
True USD
TUSD
|
-0.79327416 |
details, prediction |
Dai
DAI
|
-0.7450046 |
details, prediction |
GXShares
GXS
|
-0.673477 |
details, prediction |
Third tier
|
Presearch
PRE
|
-0.7946539 |
details, prediction |
Gemini Dollar
GUSD
|
-0.7766555 |
details, prediction |
Phantasma
SOUL
|
-0.7751452 |
details, prediction |
Measurable Data Token
MDT
|
-0.7654515 |
details, prediction |
Chronobank
TIME
|
-0.7509969 |
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)