Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
NEO
NEO
|
0.92183375 |
details, prediction |
IOTA
IOT
|
0.91498005 |
details, prediction |
SONM
SNM
|
0.9081631 |
details, prediction |
KuCoin Shares
KCS
|
0.89698637 |
details, prediction |
Theta
THETA
|
0.89400125 |
details, prediction |
Second tier
|
Ethos (Bitquence)
BQX
|
0.95023984 |
details, prediction |
OriginTrail
TRAC
|
0.94503933 |
details, prediction |
ICON
ICX
|
0.9432993 |
details, prediction |
Kyber Network
KNC
|
0.94126034 |
details, prediction |
ARK
ARK
|
0.934597 |
details, prediction |
Third tier
|
Bitcoin Private
BTCP
|
0.9616451 |
details, prediction |
Aion
AION
|
0.9562422 |
details, prediction |
StakeNet
XSN
|
0.9481016 |
details, prediction |
Elastos
ELA
|
0.94707584 |
details, prediction |
Veritaseum
VERI
|
0.94530374 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that EZToken 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 EZToken
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
ChainLink
LINK
|
-0.6924511 |
details, prediction |
Dogecoin
DOGE
|
-0.5864365 |
details, prediction |
Stellar
XLM
|
0.14078575 |
details, prediction |
XRP
XRP
|
0.15993977 |
details, prediction |
Bitcoin
BTC
|
0.40925044 |
details, prediction |
Second tier
|
True USD
TUSD
|
-0.7853869 |
details, prediction |
HoloToken
HOT
|
-0.6812789 |
details, prediction |
Quant Network
QNT
|
-0.47910815 |
details, prediction |
XYO Network
XYO
|
-0.0961472 |
details, prediction |
Dai
DAI
|
0.119366355 |
details, prediction |
Third tier
|
Metaverse
ETP
|
-0.87944716 |
details, prediction |
Vitae
VITAE
|
-0.828217 |
details, prediction |
VIN chain
VIN
|
-0.58150184 |
details, prediction |
Airbloc
ABL
|
-0.5771468 |
details, prediction |
Dreamscape
DSC
|
-0.5549501 |
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)