Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Bitcoin SV
BSV
|
-0.13325472 |
details, prediction |
Bitcoin Cash
BCH
|
-0.25103548 |
details, prediction |
Litecoin
LTC
|
-0.2783589 |
details, prediction |
Ethereum
ETH
|
-0.3544959 |
details, prediction |
Bitcoin
BTC
|
-0.3576714 |
details, prediction |
Second tier
|
Paxos Standard
PAX
|
0.24413423 |
details, prediction |
True USD
TUSD
|
0.18955167 |
details, prediction |
USD//Coin
USDC
|
0.112465456 |
details, prediction |
DxChain
DX
|
0.052430276 |
details, prediction |
CyberVein
CVT
|
0.02661296 |
details, prediction |
Third tier
|
Dreamscape
DSC
|
0.9227688 |
details, prediction |
CryptoPay
CPAY
|
0.8346466 |
details, prediction |
Dragon Coin
DRG
|
0.74112356 |
details, prediction |
VIBEHub
VIBE
|
0.66240954 |
details, prediction |
ShortyCoin
SHORTY
|
0.63136303 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Kleros 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 Kleros
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
0x
ZRX
|
-0.69883627 |
details, prediction |
Fantom
FTM
|
-0.68181175 |
details, prediction |
Dogecoin
DOGE
|
-0.6696584 |
details, prediction |
IOTA
IOT
|
-0.6384965 |
details, prediction |
Cosmos
ATOM
|
-0.63722616 |
details, prediction |
Second tier
|
Dent
DENT
|
-0.6865284 |
details, prediction |
BitTorrent
BTT
|
-0.6817807 |
details, prediction |
Telcoin
TEL
|
-0.6696571 |
details, prediction |
SysCoin
SYS
|
-0.6682379 |
details, prediction |
Ocean Protocol
OCEAN
|
-0.6681809 |
details, prediction |
Third tier
|
Acute Angle Cloud
AAC
|
-0.7753892 |
details, prediction |
Fusion
FSN
|
-0.76738405 |
details, prediction |
BnkToTheFuture
BFT
|
-0.76623243 |
details, prediction |
Mercury
MER
|
-0.75961506 |
details, prediction |
Credit Tag Chain
CTC
|
-0.7550626 |
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)