Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
TRON
TRX
|
0.1352306 |
details, prediction |
KuCoin Shares
KCS
|
-0.060540855 |
details, prediction |
Maker
MKR
|
-0.21122809 |
details, prediction |
ZCash
ZEC
|
-0.29577783 |
details, prediction |
Monero
XMR
|
-0.30517504 |
details, prediction |
Second tier
|
Dai
DAI
|
0.51559764 |
details, prediction |
True USD
TUSD
|
0.4950392 |
details, prediction |
USD//Coin
USDC
|
0.47097027 |
details, prediction |
Centrality
CENNZ
|
0.31738177 |
details, prediction |
SwissBorg
CHSB
|
0.1547167 |
details, prediction |
Third tier
|
CLAMS
CLAM
|
0.8282634 |
details, prediction |
DimeCoin
DIME
|
0.8277517 |
details, prediction |
Energi
NRG
|
0.81791186 |
details, prediction |
IOCoin
IOC
|
0.6170752 |
details, prediction |
SunContract
SNC
|
0.52919614 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that EthLend 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 EthLend
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
UNUS SED LEO
LEO
|
-0.47821963 |
details, prediction |
Bitcoin SV
BSV
|
-0.45137456 |
details, prediction |
Dogecoin
DOGE
|
-0.4394261 |
details, prediction |
Huobi Token
HT
|
-0.4344934 |
details, prediction |
Stellar
XLM
|
-0.4023981 |
details, prediction |
Second tier
|
Nano
NANO
|
-0.43839583 |
details, prediction |
Ocean Protocol
OCEAN
|
-0.43347004 |
details, prediction |
XYO Network
XYO
|
-0.41650918 |
details, prediction |
Dent
DENT
|
-0.41578457 |
details, prediction |
Nexo
NEXO
|
-0.40772462 |
details, prediction |
Third tier
|
Stratis
STRAT
|
-0.6968807 |
details, prediction |
BlackCoin
BLK
|
-0.5891919 |
details, prediction |
RubyCoin
RBY
|
-0.57709277 |
details, prediction |
Global Social Chain
GSC
|
-0.56918156 |
details, prediction |
Electroneum
ETN
|
-0.55892617 |
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)