Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Fantom
FTM
|
0.43234843 |
details, prediction |
Decentraland
MANA
|
0.33667898 |
details, prediction |
Cosmos
ATOM
|
0.30954644 |
details, prediction |
Matic Network
MATIC
|
0.19686364 |
details, prediction |
IOTA
IOT
|
0.1623426 |
details, prediction |
Second tier
|
True USD
TUSD
|
0.57526344 |
details, prediction |
MonaCoin
MONA
|
0.5673548 |
details, prediction |
Elastos
ELA
|
0.47544342 |
details, prediction |
SwissBorg
CHSB
|
0.44016948 |
details, prediction |
Bitcoin Diamond
BCD
|
0.43252152 |
details, prediction |
Third tier
|
PutinCoin
PUTIN
|
0.8203494 |
details, prediction |
Blue Whale
BWX
|
0.7556895 |
details, prediction |
RubyCoin
RBY
|
0.74172175 |
details, prediction |
OKCash
OK
|
0.7396052 |
details, prediction |
Chronobank
TIME
|
0.7130274 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Gemini Dollar 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 Gemini Dollar
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Monero
XMR
|
-0.75790274 |
details, prediction |
Nexo
NEXO
|
-0.5997317 |
details, prediction |
ZCash
ZEC
|
-0.58106494 |
details, prediction |
Ethereum Classic
ETC
|
-0.56044954 |
details, prediction |
Ethereum
ETH
|
-0.52255434 |
details, prediction |
Second tier
|
Zilliqa
ZIL
|
-0.7031397 |
details, prediction |
0x
ZRX
|
-0.70023143 |
details, prediction |
Kyber Network
KNC
|
-0.64724696 |
details, prediction |
Synthetix Network Token
SNX
|
-0.62418634 |
details, prediction |
Metal
MTL
|
-0.5920751 |
details, prediction |
Third tier
|
CyberMiles
CMT
|
-0.8396602 |
details, prediction |
Haven Protocol
XHV
|
-0.8288095 |
details, prediction |
Linker Coin
LNC
|
-0.8149783 |
details, prediction |
CloakCoin
CLOAK
|
-0.77795976 |
details, prediction |
Sentinel Protocol
UPP
|
-0.744498 |
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)