Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Vechain
VET
|
0.8453323 |
details, prediction |
Ethereum
ETH
|
0.8120677 |
details, prediction |
EOS
EOS
|
0.77483344 |
details, prediction |
Ethereum Classic
ETC
|
0.7401832 |
details, prediction |
Bitcoin
BTC
|
0.73099434 |
details, prediction |
Second tier
|
DigiByte
DGB
|
0.8788623 |
details, prediction |
HoloToken
HOT
|
0.8503716 |
details, prediction |
Internet of Services
IOST
|
0.78893524 |
details, prediction |
Chiliz
CHZ
|
0.7680027 |
details, prediction |
Loopring
LRC
|
0.7659028 |
details, prediction |
Third tier
|
The Hempcoin
THC
|
0.81741583 |
details, prediction |
Hydro Protocol
HOT
|
0.78530854 |
details, prediction |
Gifto
GTO
|
0.77331215 |
details, prediction |
Pillar
PLR
|
0.7626722 |
details, prediction |
NKN
NKN
|
0.7210317 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Gnosis 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 Gnosis
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
TRON
TRX
|
0.16285206 |
details, prediction |
Fantom
FTM
|
0.28433058 |
details, prediction |
Cosmos
ATOM
|
0.36137736 |
details, prediction |
Decentraland
MANA
|
0.36442477 |
details, prediction |
Monero
XMR
|
0.36497194 |
details, prediction |
Second tier
|
USD//Coin
USDC
|
-0.6751958 |
details, prediction |
True USD
TUSD
|
-0.6262316 |
details, prediction |
Dai
DAI
|
-0.5646087 |
details, prediction |
Paxos Standard
PAX
|
-0.3397184 |
details, prediction |
EthLend
LEND
|
-0.11571187 |
details, prediction |
Third tier
|
DigiCube
CUBE
|
-0.43484405 |
details, prediction |
Envion
EVN
|
-0.42864552 |
details, prediction |
Gemini Dollar
GUSD
|
-0.37746817 |
details, prediction |
SunContract
SNC
|
-0.37407267 |
details, prediction |
ILCoin
ILC
|
-0.35336596 |
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)