Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Fantom
FTM
|
0.73542875 |
details, prediction |
USD//Coin
USDC
|
0.5843989 |
details, prediction |
SONM
SNM
|
0.35884675 |
details, prediction |
Matic Network
MATIC
|
0.21686609 |
details, prediction |
Vechain
VET
|
0.05047016 |
details, prediction |
Second tier
|
Synthetix Network Token
SNX
|
0.7389944 |
details, prediction |
Telcoin
TEL
|
0.7347872 |
details, prediction |
FirstBlood
1ST
|
0.657097 |
details, prediction |
True USD
TUSD
|
0.65124154 |
details, prediction |
Dai
DAI
|
0.62860864 |
details, prediction |
Third tier
|
Napoleon X
NPX
|
0.92655104 |
details, prediction |
Omnitude
ECOM
|
0.88274306 |
details, prediction |
HEROcoin
PLAY
|
0.88219655 |
details, prediction |
CREDITS
CS
|
0.87692165 |
details, prediction |
Chronobank
TIME
|
0.8700589 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that InsurChain 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 InsurChain
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Crypto.com Chain
CRO
|
-0.87229145 |
details, prediction |
Bitcoin
BTC
|
-0.80819106 |
details, prediction |
Theta
THETA
|
-0.8003356 |
details, prediction |
ChainLink
LINK
|
-0.79749405 |
details, prediction |
Bitcoin Cash
BCH
|
-0.7957294 |
details, prediction |
Second tier
|
Digix DAO
DGD
|
-0.8950341 |
details, prediction |
HedgeTrade
HEDG
|
-0.88266534 |
details, prediction |
Horizen
ZEN
|
-0.8795791 |
details, prediction |
Ocean Protocol
OCEAN
|
-0.85459745 |
details, prediction |
FTX Token
FTT
|
-0.84965885 |
details, prediction |
Third tier
|
Peculium
PCL
|
-0.90256286 |
details, prediction |
Pluton
PLU
|
-0.89075047 |
details, prediction |
Ecoreal Estate
ECOREAL
|
-0.89005023 |
details, prediction |
Switcheo Network
SWH
|
-0.86397773 |
details, prediction |
Unibright
UBT
|
-0.858613 |
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)