Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
USD//Coin
USDC
|
0.43077865 |
details, prediction |
SONM
SNM
|
0.2981706 |
details, prediction |
Matic Network
MATIC
|
0.24225955 |
details, prediction |
Theta
THETA
|
0.24160959 |
details, prediction |
UNUS SED LEO
LEO
|
0.22867697 |
details, prediction |
Second tier
|
Horizen
ZEN
|
0.73197806 |
details, prediction |
Steem
STEEM
|
0.62212694 |
details, prediction |
True USD
TUSD
|
0.5752545 |
details, prediction |
Paxos Standard
PAX
|
0.57075864 |
details, prediction |
Republic protocol
REN
|
0.5263932 |
details, prediction |
Third tier
|
Einsteinium
EMC2
|
0.846888 |
details, prediction |
Omnitude
ECOM
|
0.81337035 |
details, prediction |
QASH
QASH
|
0.75333446 |
details, prediction |
CPChain
CPC
|
0.68307084 |
details, prediction |
HEROcoin
PLAY
|
0.6819011 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Midas Protocol 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 Midas Protocol
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Bitcoin Cash
BCH
|
-0.5440112 |
details, prediction |
Ethereum Classic
ETC
|
-0.5305079 |
details, prediction |
Stellar
XLM
|
-0.5183919 |
details, prediction |
EOS
EOS
|
-0.45537898 |
details, prediction |
Litecoin
LTC
|
-0.41145703 |
details, prediction |
Second tier
|
HedgeTrade
HEDG
|
-0.56873894 |
details, prediction |
Bitcoin Gold
BTG
|
-0.4034516 |
details, prediction |
Bitcoin SV
BSV
|
-0.29147354 |
details, prediction |
BitTorrent
BTT
|
-0.27542445 |
details, prediction |
Decred
DCR
|
-0.24099334 |
details, prediction |
Third tier
|
True Flip Lottery
TFL
|
-0.56916964 |
details, prediction |
BABB
BAX
|
-0.54497504 |
details, prediction |
Bitbook Gambling
BXK
|
-0.5384032 |
details, prediction |
EarthCoin
EAC
|
-0.4795606 |
details, prediction |
Karatgold
KBC
|
-0.47805718 |
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)