Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
SONM
SNM
|
0.97217226 |
details, prediction |
Stellar
XLM
|
0.9582346 |
details, prediction |
Cardano
ADA
|
0.8748902 |
details, prediction |
XRP
XRP
|
0.8423775 |
details, prediction |
Maker
MKR
|
0.80926174 |
details, prediction |
|
Second tier
|
Waves
WAVES
|
0.9494288 |
details, prediction |
Verge
XVG
|
0.93416274 |
details, prediction |
Polymath Network
POLY
|
0.93241173 |
details, prediction |
Nano
NANO
|
0.9321997 |
details, prediction |
Digix DAO
DGD
|
0.9302562 |
details, prediction |
|
Third tier
|
Aion
AION
|
0.96614176 |
details, prediction |
NAGA
NGC
|
0.9655596 |
details, prediction |
Cindicator
CND
|
0.96349066 |
details, prediction |
WaBi
WABI
|
0.960849 |
details, prediction |
BLOCKv
VEE
|
0.9605054 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Matchpool 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 Matchpool
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin
BTC
|
-0.68007785 |
details, prediction |
ChainLink
LINK
|
-0.6795742 |
details, prediction |
KuCoin Shares
KCS
|
-0.66073024 |
details, prediction |
Fantom
FTM
|
0.090750106 |
details, prediction |
Monero
XMR
|
0.32252815 |
details, prediction |
|
Second tier
|
Huobi Token
HT
|
-0.92962927 |
details, prediction |
Quant Network
QNT
|
-0.71335006 |
details, prediction |
FirstBlood
1ST
|
-0.6879351 |
details, prediction |
Aragon
ANT
|
-0.31194982 |
details, prediction |
Dai
DAI
|
-0.17281482 |
details, prediction |
|
Third tier
|
Seele
SEELE
|
-0.9258106 |
details, prediction |
Bismuth
BIS
|
-0.89735925 |
details, prediction |
RSK Infrastructure Framework
RIF
|
-0.8955772 |
details, prediction |
Digix Gold Token
DGX
|
-0.8840601 |
details, prediction |
Tidex Token
TDX
|
-0.8768825 |
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)