Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
0.6743412 |
details, prediction |
Bitcoin Cash
BCH
|
0.66228294 |
details, prediction |
Maker
MKR
|
0.64401126 |
details, prediction |
Litecoin
LTC
|
0.63093823 |
details, prediction |
ChainLink
LINK
|
0.6267174 |
details, prediction |
|
Second tier
|
HedgeTrade
HEDG
|
0.88396716 |
details, prediction |
Ethos (Bitquence)
BQX
|
0.84486353 |
details, prediction |
GXShares
GXS
|
0.7582266 |
details, prediction |
BitTorrent
BTT
|
0.7524195 |
details, prediction |
Huobi Token
HT
|
0.7305362 |
details, prediction |
|
Third tier
|
Hydro Protocol
HOT
|
0.81410074 |
details, prediction |
SwftCoin
SWFTC
|
0.8132016 |
details, prediction |
Achain
ACT
|
0.8110407 |
details, prediction |
Egretia
EGT
|
0.80366564 |
details, prediction |
BitKan
KAN
|
0.78778124 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Lunyr 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 Lunyr
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Fantom
FTM
|
0.160586 |
details, prediction |
Dogecoin
DOGE
|
0.30469692 |
details, prediction |
SONM
SNM
|
0.43226382 |
details, prediction |
Crypto.com Chain
CRO
|
0.46295926 |
details, prediction |
UNUS SED LEO
LEO
|
0.47507602 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.5243586 |
details, prediction |
True USD
TUSD
|
-0.42815334 |
details, prediction |
USD//Coin
USDC
|
-0.41206414 |
details, prediction |
Paxos Standard
PAX
|
-0.050147496 |
details, prediction |
Theta Fuel
TFUEL
|
0.1355975 |
details, prediction |
|
Third tier
|
Rotharium
RTH
|
-0.49043074 |
details, prediction |
Nimiq
NET
|
-0.4741837 |
details, prediction |
Docademic
MTC
|
-0.42694736 |
details, prediction |
Gemini Dollar
GUSD
|
-0.34343305 |
details, prediction |
BLOCKv
VEE
|
-0.325742 |
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)