Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
0.81301624 |
details, prediction |
Ethereum Classic
ETC
|
0.6580833 |
details, prediction |
XRP
XRP
|
0.6230952 |
details, prediction |
Bitcoin
BTC
|
0.60758704 |
details, prediction |
Monero
XMR
|
0.60622615 |
details, prediction |
|
Second tier
|
Waves
WAVES
|
0.84022945 |
details, prediction |
HedgeTrade
HEDG
|
0.81696063 |
details, prediction |
Nexo
NEXO
|
0.66827935 |
details, prediction |
Bitcoin Gold
BTG
|
0.6188477 |
details, prediction |
FTX Token
FTT
|
0.55509025 |
details, prediction |
|
Third tier
|
VestChain
VEST
|
0.87096554 |
details, prediction |
Seele
SEELE
|
0.734246 |
details, prediction |
Mainframe
MFT
|
0.72798365 |
details, prediction |
SingularityNET
AGI
|
0.70185715 |
details, prediction |
Lisk
LSK
|
0.6899646 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Golem 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 Golem
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Fantom
FTM
|
-0.44189394 |
details, prediction |
SONM
SNM
|
-0.42582527 |
details, prediction |
Dogecoin
DOGE
|
-0.23960952 |
details, prediction |
Matic Network
MATIC
|
-0.124508336 |
details, prediction |
ChainLink
LINK
|
-0.065466255 |
details, prediction |
|
Second tier
|
SwissBorg
CHSB
|
-0.7001671 |
details, prediction |
Dai
DAI
|
-0.5745144 |
details, prediction |
USD//Coin
USDC
|
-0.5501164 |
details, prediction |
True USD
TUSD
|
-0.50561845 |
details, prediction |
MonaCoin
MONA
|
-0.46389267 |
details, prediction |
|
Third tier
|
ArcBlock
ABT
|
-0.73598546 |
details, prediction |
PinkCoin
PINK
|
-0.6751476 |
details, prediction |
Stratis
STRAT
|
-0.6725933 |
details, prediction |
Particl
PART
|
-0.6518822 |
details, prediction |
Elastos
ELA
|
-0.62398 |
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)