Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Matic Network
MATIC
|
0.7628224 |
details, prediction |
ChainLink
LINK
|
0.73217756 |
details, prediction |
Crypto.com Chain
CRO
|
0.72957337 |
details, prediction |
Maker
MKR
|
0.70459175 |
details, prediction |
Fantom
FTM
|
0.67135674 |
details, prediction |
|
Second tier
|
XYO Network
XYO
|
0.76392424 |
details, prediction |
Cosmos
ATOM
|
0.73582137 |
details, prediction |
IOTA
IOT
|
0.7290169 |
details, prediction |
Power Ledger
POWR
|
0.72416157 |
details, prediction |
Decentraland
MANA
|
0.7122551 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
0.8436161 |
details, prediction |
WAX
WAX
|
0.791437 |
details, prediction |
Enjin Coin
ENJ
|
0.7333698 |
details, prediction |
Einsteinium
EMC2
|
0.7254953 |
details, prediction |
PinkCoin
PINK
|
0.72318846 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Ink 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 Ink
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.37220836 |
details, prediction |
Monero
XMR
|
-0.22547096 |
details, prediction |
UNUS SED LEO
LEO
|
-0.10865388 |
details, prediction |
ZCash
ZEC
|
0.04251256 |
details, prediction |
Ethereum
ETH
|
0.17142884 |
details, prediction |
|
Second tier
|
HedgeTrade
HEDG
|
-0.9659078 |
details, prediction |
Paxos Standard
PAX
|
-0.38035133 |
details, prediction |
Dai
DAI
|
-0.26478508 |
details, prediction |
0x
ZRX
|
-0.20428483 |
details, prediction |
USD//Coin
USDC
|
-0.1377449 |
details, prediction |
|
Third tier
|
Time New Bank
TNB
|
-0.6384893 |
details, prediction |
FeatherCoin
FTC
|
-0.5433932 |
details, prediction |
Crypviser
CVCOIN
|
-0.5137394 |
details, prediction |
SibCoin
SIB
|
-0.46328634 |
details, prediction |
ILCoin
ILC
|
-0.4227871 |
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)