Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.12414871 |
details, prediction |
XRP
XRP
|
-0.25246024 |
details, prediction |
ChainLink
LINK
|
-0.50937027 |
details, prediction |
Dogecoin
DOGE
|
-0.5465891 |
details, prediction |
Maker
MKR
|
-0.5794218 |
details, prediction |
|
Second tier
|
BitTorrent
BTT
|
0.88427466 |
details, prediction |
Dai
DAI
|
0.78597164 |
details, prediction |
XYO Network
XYO
|
0.6684977 |
details, prediction |
True USD
TUSD
|
0.28351808 |
details, prediction |
Paxos Standard
PAX
|
0.2530163 |
details, prediction |
|
Third tier
|
CargoX
CXO
|
0.9287338 |
details, prediction |
Credit Tag Chain
CTC
|
0.9025615 |
details, prediction |
Dreamscape
DSC
|
0.8789503 |
details, prediction |
Linkey
LKY
|
0.86673105 |
details, prediction |
Nasdacoin
NSD
|
0.8550082 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Experience Token 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 Experience Token
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Binance Coin
BNB
|
-0.85796404 |
details, prediction |
KuCoin Shares
KCS
|
-0.8188233 |
details, prediction |
Litecoin
LTC
|
-0.79169756 |
details, prediction |
Fantom
FTM
|
-0.7877887 |
details, prediction |
SONM
SNM
|
-0.7303347 |
details, prediction |
|
Second tier
|
Metadium
META
|
-0.96215284 |
details, prediction |
Huobi Token
HT
|
-0.88547933 |
details, prediction |
SwissBorg
CHSB
|
-0.87616664 |
details, prediction |
Telcoin
TEL
|
-0.8711907 |
details, prediction |
Ravencoin
RVN
|
-0.8600793 |
details, prediction |
|
Third tier
|
Enjin Coin
ENJ
|
-0.9119899 |
details, prediction |
Measurable Data Token
MDT
|
-0.9069929 |
details, prediction |
CWV Chain
CWV
|
-0.8893218 |
details, prediction |
Kyber Network
KNC
|
-0.8856356 |
details, prediction |
Red Pulse Phoenix
PHX
|
-0.8766571 |
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)