Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Cardano
ADA
|
0.8808086 |
details, prediction |
Ethereum Classic
ETC
|
0.767862 |
details, prediction |
NEO
NEO
|
0.76239675 |
details, prediction |
EOS
EOS
|
0.70091724 |
details, prediction |
IOTA
IOT
|
0.66821396 |
details, prediction |
Second tier
|
Decred
DCR
|
0.90524876 |
details, prediction |
Gas
GAS
|
0.8873014 |
details, prediction |
Synthetix Network Token
SNX
|
0.8337711 |
details, prediction |
Huobi Token
HT
|
0.7902395 |
details, prediction |
Internet of Services
IOST
|
0.7804937 |
details, prediction |
Third tier
|
NovaCoin
NVC
|
0.9687024 |
details, prediction |
Global Social Chain
GSC
|
0.9618347 |
details, prediction |
Game
GTC
|
0.958954 |
details, prediction |
Medicalchain
MTN
|
0.94498324 |
details, prediction |
Project Pai
PAI
|
0.94076574 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that CoinMeet 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 CoinMeet
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
KuCoin Shares
KCS
|
-0.6169803 |
details, prediction |
Crypto.com Chain
CRO
|
-0.60952085 |
details, prediction |
Binance Coin
BNB
|
-0.573894 |
details, prediction |
Matic Network
MATIC
|
-0.5597152 |
details, prediction |
Fantom
FTM
|
-0.5528751 |
details, prediction |
Second tier
|
Propy
PRO
|
-0.6608337 |
details, prediction |
OriginTrail
TRAC
|
-0.64952576 |
details, prediction |
Decentraland
MANA
|
-0.64450645 |
details, prediction |
Loopring
LRC
|
-0.6183384 |
details, prediction |
SysCoin
SYS
|
-0.59857553 |
details, prediction |
Third tier
|
Bitbook Gambling
BXK
|
-0.7665331 |
details, prediction |
Rotharium
RTH
|
-0.73696554 |
details, prediction |
NAGA
NGC
|
-0.7267315 |
details, prediction |
Phantasma
SOUL
|
-0.6785081 |
details, prediction |
PolySwarm
NCT
|
-0.65147644 |
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)