Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Fantom
FTM
|
0.90301675 |
details, prediction |
USD//Coin
USDC
|
0.6041619 |
details, prediction |
ChainLink
LINK
|
0.58278793 |
details, prediction |
XRP
XRP
|
0.2514076 |
details, prediction |
Maker
MKR
|
0.17850813 |
details, prediction |
Second tier
|
True USD
TUSD
|
0.61630213 |
details, prediction |
Dai
DAI
|
0.6016465 |
details, prediction |
Decentraland
MANA
|
0.50146 |
details, prediction |
XYO Network
XYO
|
0.5011502 |
details, prediction |
Quant Network
QNT
|
0.31231824 |
details, prediction |
Third tier
|
Molecule
MOL
|
0.9468498 |
details, prediction |
SUQA
SUQA
|
0.88385475 |
details, prediction |
BOScoin
BOS
|
0.8725935 |
details, prediction |
XinFin
XDCE
|
0.8291505 |
details, prediction |
Cashaa
CAS
|
0.797237 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Jewels 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 Jewels
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Dogecoin
DOGE
|
-0.5913087 |
details, prediction |
Vechain
VET
|
-0.51504284 |
details, prediction |
Litecoin
LTC
|
-0.44138572 |
details, prediction |
Ethereum Classic
ETC
|
-0.43235645 |
details, prediction |
NEO
NEO
|
-0.42110112 |
details, prediction |
Second tier
|
Stox
STX
|
-0.64803517 |
details, prediction |
DigiByte
DGB
|
-0.5230464 |
details, prediction |
ICON
ICX
|
-0.47774607 |
details, prediction |
Nano
NANO
|
-0.4764971 |
details, prediction |
Verge
XVG
|
-0.46623304 |
details, prediction |
Third tier
|
Linkey
LKY
|
-0.708587 |
details, prediction |
Game
GTC
|
-0.62535775 |
details, prediction |
Constellation
DAG
|
-0.6227307 |
details, prediction |
Bitcore
BTX
|
-0.61951834 |
details, prediction |
Trade Token
TIO
|
-0.6124075 |
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)