Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Litecoin
LTC
|
0.963206 |
details, prediction |
Cardano
ADA
|
0.95902306 |
details, prediction |
Stellar
XLM
|
0.955259 |
details, prediction |
XRP
XRP
|
0.9500101 |
details, prediction |
TRON
TRX
|
0.9429759 |
details, prediction |
|
Second tier
|
Status
SNT
|
0.9613186 |
details, prediction |
Polymath Network
POLY
|
0.9605818 |
details, prediction |
Request Network
REQ
|
0.9568617 |
details, prediction |
0x
ZRX
|
0.95542884 |
details, prediction |
Verge
XVG
|
0.9533433 |
details, prediction |
|
Third tier
|
Aeternity
AE
|
0.9700164 |
details, prediction |
Nxt
NXT
|
0.96908766 |
details, prediction |
Bitshares
BTS
|
0.9669397 |
details, prediction |
Gas
GAS
|
0.96263933 |
details, prediction |
Airbloc
ABL
|
0.9617735 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Folding Coin 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 Folding Coin
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.13025463 |
details, prediction |
Bitcoin
BTC
|
0.13321579 |
details, prediction |
ChainLink
LINK
|
0.3324318 |
details, prediction |
Crypto.com Chain
CRO
|
0.5269099 |
details, prediction |
Ethereum Classic
ETC
|
0.78003 |
details, prediction |
|
Second tier
|
FirstBlood
1ST
|
-0.7757229 |
details, prediction |
HedgeTrade
HEDG
|
-0.7396539 |
details, prediction |
Huobi Token
HT
|
-0.52732754 |
details, prediction |
Aragon
ANT
|
-0.31206387 |
details, prediction |
SwissBorg
CHSB
|
-0.22471188 |
details, prediction |
|
Third tier
|
RSK Infrastructure Framework
RIF
|
-0.87866837 |
details, prediction |
Seele
SEELE
|
-0.8348986 |
details, prediction |
Tidex Token
TDX
|
-0.76509887 |
details, prediction |
Digix Gold Token
DGX
|
-0.7625984 |
details, prediction |
BipCoin
BIP
|
-0.75877696 |
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)