Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Ethereum Classic
ETC
|
0.6578801 |
details, prediction |
Ethereum
ETH
|
0.63009256 |
details, prediction |
Cardano
ADA
|
0.6280264 |
details, prediction |
Binance Coin
BNB
|
0.62360305 |
details, prediction |
Bitcoin
BTC
|
0.6234206 |
details, prediction |
Second tier
|
Horizen
ZEN
|
0.7636653 |
details, prediction |
Ravencoin
RVN
|
0.748445 |
details, prediction |
ZCash
ZEC
|
0.7419141 |
details, prediction |
Propy
PRO
|
0.64647204 |
details, prediction |
0x
ZRX
|
0.63110894 |
details, prediction |
Third tier
|
Presearch
PRE
|
0.9212363 |
details, prediction |
Credit Tag Chain
CTC
|
0.9012961 |
details, prediction |
Moneytoken
IMT
|
0.89554346 |
details, prediction |
Vexanium
VEX
|
0.88272023 |
details, prediction |
ZClassic
ZCL
|
0.8491155 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that InflationCoin 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 InflationCoin
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Dogecoin
DOGE
|
-0.6760633 |
details, prediction |
ChainLink
LINK
|
-0.2878265 |
details, prediction |
XRP
XRP
|
-0.2237781 |
details, prediction |
Monero
XMR
|
0.12595288 |
details, prediction |
Vechain
VET
|
0.12824945 |
details, prediction |
Second tier
|
Quant Network
QNT
|
-0.6713623 |
details, prediction |
Telcoin
TEL
|
-0.50672007 |
details, prediction |
HoloToken
HOT
|
-0.49957326 |
details, prediction |
True USD
TUSD
|
-0.3138846 |
details, prediction |
Nano
NANO
|
-0.16419192 |
details, prediction |
Third tier
|
Vitae
VITAE
|
-0.8644994 |
details, prediction |
Dreamscape
DSC
|
-0.83528376 |
details, prediction |
Adshares
ADST
|
-0.7756057 |
details, prediction |
Bittwatt
BWT
|
-0.6958746 |
details, prediction |
OneRoot Network
RNT
|
-0.6855827 |
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)