Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Fantom
FTM
|
0.8749056 |
details, prediction |
Decentraland
MANA
|
0.8227822 |
details, prediction |
Matic Network
MATIC
|
0.82190186 |
details, prediction |
Tezos
XTZ
|
0.81439376 |
details, prediction |
Huobi Token
HT
|
0.81293553 |
details, prediction |
Second tier
|
Aragon
ANT
|
0.87429357 |
details, prediction |
Elastos
ELA
|
0.8664702 |
details, prediction |
Gas
GAS
|
0.85453904 |
details, prediction |
SysCoin
SYS
|
0.8451604 |
details, prediction |
Algorand
ALGO
|
0.8395798 |
details, prediction |
Third tier
|
Ambrosus
AMB
|
0.90505105 |
details, prediction |
Skrumble Network
SKM
|
0.9038786 |
details, prediction |
WaBi
WABI
|
0.8969544 |
details, prediction |
UnlimitedIP
UIP
|
0.89473027 |
details, prediction |
PIVX
PIVX
|
0.8932639 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Measurable Data Token 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 Measurable Data Token
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
TRON
TRX
|
-0.3609506 |
details, prediction |
Monero
XMR
|
0.023295918 |
details, prediction |
Waves
WAVES
|
0.13697255 |
details, prediction |
ZCash
ZEC
|
0.14886455 |
details, prediction |
Ethereum Classic
ETC
|
0.3454995 |
details, prediction |
Second tier
|
Dai
DAI
|
-0.6857157 |
details, prediction |
USD//Coin
USDC
|
-0.63742423 |
details, prediction |
True USD
TUSD
|
-0.5558583 |
details, prediction |
EthLend
LEND
|
-0.517942 |
details, prediction |
Paxos Standard
PAX
|
-0.4950998 |
details, prediction |
Third tier
|
Time New Bank
TNB
|
-0.7675936 |
details, prediction |
SunContract
SNC
|
-0.6888835 |
details, prediction |
ILCoin
ILC
|
-0.6475298 |
details, prediction |
FeatherCoin
FTC
|
-0.64571995 |
details, prediction |
Seele
SEELE
|
-0.6107586 |
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)