Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Fantom
FTM
|
0.8549942 |
details, prediction |
SONM
SNM
|
0.619036 |
details, prediction |
Matic Network
MATIC
|
0.33265483 |
details, prediction |
Maker
MKR
|
0.112611726 |
details, prediction |
UNUS SED LEO
LEO
|
-0.040757116 |
details, prediction |
|
Second tier
|
FirstBlood
1ST
|
0.8204416 |
details, prediction |
Synthetix Network Token
SNX
|
0.8142697 |
details, prediction |
Paxos Standard
PAX
|
0.7703644 |
details, prediction |
Telcoin
TEL
|
0.76419145 |
details, prediction |
USD//Coin
USDC
|
0.7630465 |
details, prediction |
|
Third tier
|
Polis
POLIS
|
0.9030721 |
details, prediction |
THEKEY
TKY
|
0.8970579 |
details, prediction |
Dentacoin
DCN
|
0.89105797 |
details, prediction |
Napoleon X
NPX
|
0.8757007 |
details, prediction |
Wowbit
WWB
|
0.873727 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Global Currency Reserve 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 Global Currency Reserve
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin
BTC
|
-0.67808384 |
details, prediction |
Bitcoin Cash
BCH
|
-0.6780262 |
details, prediction |
ZCash
ZEC
|
-0.6744464 |
details, prediction |
Ethereum Classic
ETC
|
-0.6698434 |
details, prediction |
Monero
XMR
|
-0.6480907 |
details, prediction |
|
Second tier
|
HedgeTrade
HEDG
|
-0.85721254 |
details, prediction |
FTX Token
FTT
|
-0.8305936 |
details, prediction |
Ocean Protocol
OCEAN
|
-0.7805313 |
details, prediction |
Horizen
ZEN
|
-0.7780665 |
details, prediction |
Digix DAO
DGD
|
-0.750043 |
details, prediction |
|
Third tier
|
Ecoreal Estate
ECOREAL
|
-0.9155536 |
details, prediction |
Switcheo Network
SWH
|
-0.82675654 |
details, prediction |
Peculium
PCL
|
-0.7855601 |
details, prediction |
Lamden Tau
TAU
|
-0.7454062 |
details, prediction |
Kyber Network
KNC
|
-0.7113119 |
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)