Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Matic Network
MATIC
|
0.7628224 |
details, prediction |
Cosmos
ATOM
|
0.73582137 |
details, prediction |
ChainLink
LINK
|
0.73217756 |
details, prediction |
Crypto.com Chain
CRO
|
0.72957337 |
details, prediction |
IOTA
IOT
|
0.7290169 |
details, prediction |
Second tier
|
XYO Network
XYO
|
0.76392424 |
details, prediction |
Enjin Coin
ENJ
|
0.7333698 |
details, prediction |
Power Ledger
POWR
|
0.72416157 |
details, prediction |
Decentraland
MANA
|
0.7122551 |
details, prediction |
Stox
STX
|
0.70154774 |
details, prediction |
Third tier
|
V Systems
VSYS
|
0.8436161 |
details, prediction |
WAX
WAX
|
0.791437 |
details, prediction |
Einsteinium
EMC2
|
0.7254953 |
details, prediction |
PinkCoin
PINK
|
0.72318846 |
details, prediction |
Bytom
BTM
|
0.71186775 |
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 |
USD//Coin
USDC
|
-0.1377449 |
details, prediction |
UNUS SED LEO
LEO
|
-0.10865388 |
details, prediction |
Ethereum
ETH
|
0.17142884 |
details, prediction |
Second tier
|
HedgeTrade
HEDG
|
-0.9659078 |
details, prediction |
Kyber Network
KNC
|
-0.3998016 |
details, prediction |
Paxos Standard
PAX
|
-0.38035133 |
details, prediction |
Steem
STEEM
|
-0.35370457 |
details, prediction |
Dai
DAI
|
-0.26478508 |
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)