Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Maker
MKR
|
0.77092624 |
details, prediction |
ZCash
ZEC
|
0.75656354 |
details, prediction |
Bitcoin Cash
BCH
|
0.7551767 |
details, prediction |
Cardano
ADA
|
0.7259617 |
details, prediction |
Litecoin
LTC
|
0.71587634 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
0.74368215 |
details, prediction |
0x
ZRX
|
0.7389589 |
details, prediction |
Polymath Network
POLY
|
0.7181745 |
details, prediction |
Zilliqa
ZIL
|
0.7155852 |
details, prediction |
Ardor
ARDR
|
0.7130976 |
details, prediction |
|
Third tier
|
Pillar
PLR
|
0.9566907 |
details, prediction |
Effect.AI
EFX
|
0.84152216 |
details, prediction |
ViaCoin
VIA
|
0.76325476 |
details, prediction |
GridCoin
GRC
|
0.75328124 |
details, prediction |
VertCoin
VTC
|
0.7459643 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that iEthereum 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 iEthereum
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
0.21761423 |
details, prediction |
Ethereum Classic
ETC
|
0.2920729 |
details, prediction |
Dogecoin
DOGE
|
0.3313395 |
details, prediction |
SONM
SNM
|
0.47236332 |
details, prediction |
Binance Coin
BNB
|
0.533393 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.023547 |
details, prediction |
True USD
TUSD
|
0.19808331 |
details, prediction |
HoloToken
HOT
|
0.36361352 |
details, prediction |
Ravencoin
RVN
|
0.42033538 |
details, prediction |
Horizen
ZEN
|
0.46602842 |
details, prediction |
|
Third tier
|
Docademic
MTC
|
-0.79848844 |
details, prediction |
Metaverse
ETP
|
-0.32265806 |
details, prediction |
Zilbercoin
ZBC
|
-0.3207092 |
details, prediction |
Credit Tag Chain
CTC
|
-0.27739096 |
details, prediction |
Speed Mining Service
SMS
|
-0.17727317 |
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)