Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.5048169 |
details, prediction |
Maker
MKR
|
0.44541842 |
details, prediction |
SONM
SNM
|
0.44218162 |
details, prediction |
UNUS SED LEO
LEO
|
0.36116484 |
details, prediction |
Fantom
FTM
|
0.32443038 |
details, prediction |
|
Second tier
|
iEx.ec
RLC
|
0.6270636 |
details, prediction |
Quant Network
QNT
|
0.53496003 |
details, prediction |
GXShares
GXS
|
0.52500004 |
details, prediction |
HoloToken
HOT
|
0.51086575 |
details, prediction |
Cortex
CTXC
|
0.49260092 |
details, prediction |
|
Third tier
|
Wowbit
WWB
|
0.86418194 |
details, prediction |
WAX
WAX
|
0.83064485 |
details, prediction |
BHPCash
BHPC
|
0.78552115 |
details, prediction |
HEROcoin
PLAY
|
0.7832785 |
details, prediction |
Omni
OMNI
|
0.7774439 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Legolas 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 Legolas
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
0.052110065 |
details, prediction |
Ethereum
ETH
|
0.070640124 |
details, prediction |
Crypto.com Chain
CRO
|
0.0949781 |
details, prediction |
Monero
XMR
|
0.11929272 |
details, prediction |
Bitcoin
BTC
|
0.12255924 |
details, prediction |
|
Second tier
|
FTX Token
FTT
|
-0.29289436 |
details, prediction |
HedgeTrade
HEDG
|
-0.18349776 |
details, prediction |
AMO Coin
AMO
|
-0.16684757 |
details, prediction |
Cosmos
ATOM
|
-0.124658525 |
details, prediction |
BORA
BORA
|
-0.112871125 |
details, prediction |
|
Third tier
|
Ecoreal Estate
ECOREAL
|
-0.54430604 |
details, prediction |
BipCoin
BIP
|
-0.47964478 |
details, prediction |
Cryptonex
CNX
|
-0.39483 |
details, prediction |
CargoX
CXO
|
-0.39230907 |
details, prediction |
Blockport
BPT
|
-0.38109747 |
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)