Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Cosmos
ATOM
|
0.5844359 |
details, prediction |
SONM
SNM
|
0.35436237 |
details, prediction |
KuCoin Shares
KCS
|
0.13401651 |
details, prediction |
Matic Network
MATIC
|
0.08647858 |
details, prediction |
USD//Coin
USDC
|
0.0055058054 |
details, prediction |
Second tier
|
SwissBorg
CHSB
|
0.6848396 |
details, prediction |
OriginTrail
TRAC
|
0.5691498 |
details, prediction |
XYO Network
XYO
|
0.4964973 |
details, prediction |
Ethos (Bitquence)
BQX
|
0.4819764 |
details, prediction |
IoTeX
IOTX
|
0.47847483 |
details, prediction |
Third tier
|
BHPCash
BHPC
|
0.9497752 |
details, prediction |
CounterParty
XCP
|
0.89561343 |
details, prediction |
Tidex Token
TDX
|
0.8868061 |
details, prediction |
DopeCoin
DOPE
|
0.8397642 |
details, prediction |
Circuits of Value
COVAL
|
0.79638714 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Pepe 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 Pepe
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Ethereum
ETH
|
-0.60376126 |
details, prediction |
Bitcoin
BTC
|
-0.58603716 |
details, prediction |
Binance Coin
BNB
|
-0.5482107 |
details, prediction |
ChainLink
LINK
|
-0.5443953 |
details, prediction |
IOTA
IOT
|
-0.5396782 |
details, prediction |
Second tier
|
Horizen
ZEN
|
-0.6071736 |
details, prediction |
BitTorrent
BTT
|
-0.5680751 |
details, prediction |
HoloToken
HOT
|
-0.5422218 |
details, prediction |
Bitcoin Gold
BTG
|
-0.507284 |
details, prediction |
DASH
DASH
|
-0.5055345 |
details, prediction |
Third tier
|
uDoo
UDOO
|
-0.8817322 |
details, prediction |
Nework
NKC
|
-0.69342774 |
details, prediction |
RubyCoin
RBY
|
-0.6721998 |
details, prediction |
Bitcoin Green
BITG
|
-0.6656606 |
details, prediction |
MaidSafe Coin
MAID
|
-0.651742 |
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)