Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Ethereum
ETH
|
0.9247843 |
details, prediction |
Bitcoin Cash
BCH
|
0.9240441 |
details, prediction |
Binance Coin
BNB
|
0.9222817 |
details, prediction |
Bitcoin
BTC
|
0.91372854 |
details, prediction |
Dogecoin
DOGE
|
0.9084238 |
details, prediction |
Second tier
|
RSK Infrastructure Framework
RIF
|
0.9601533 |
details, prediction |
OriginTrail
TRAC
|
0.95581615 |
details, prediction |
Status
SNT
|
0.9523353 |
details, prediction |
ARK
ARK
|
0.95192784 |
details, prediction |
Gnosis
GNO
|
0.9415499 |
details, prediction |
Third tier
|
QuarkChain
QKC
|
0.97417027 |
details, prediction |
PeerCoin
PPC
|
0.9436333 |
details, prediction |
Viberate
VIB
|
0.9400026 |
details, prediction |
AdEx
ADX
|
0.93895924 |
details, prediction |
Callisto Network
CLO
|
0.93730634 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Loom Network 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 Loom Network
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
UNUS SED LEO
LEO
|
-0.18846484 |
details, prediction |
Bitcoin SV
BSV
|
0.46377486 |
details, prediction |
Ethereum Classic
ETC
|
0.46453848 |
details, prediction |
TRON
TRX
|
0.61403424 |
details, prediction |
Matic Network
MATIC
|
0.66401225 |
details, prediction |
Second tier
|
EthLend
LEND
|
0.007774528 |
details, prediction |
Paxos Standard
PAX
|
0.069645725 |
details, prediction |
True USD
TUSD
|
0.31040508 |
details, prediction |
Storj
STORJ
|
0.3288951 |
details, prediction |
MaidSafe Coin
MAID
|
0.33111057 |
details, prediction |
Third tier
|
Gemini Dollar
GUSD
|
-0.8505773 |
details, prediction |
Seele
SEELE
|
-0.83545333 |
details, prediction |
Time New Bank
TNB
|
-0.5491252 |
details, prediction |
AventCoin
AVT
|
-0.5462932 |
details, prediction |
Crown Coin
CRW
|
-0.44680938 |
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)