Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Dogecoin
DOGE
|
0.8461011 |
details, prediction |
Crypto.com Chain
CRO
|
0.8311245 |
details, prediction |
Litecoin
LTC
|
0.8223401 |
details, prediction |
Bitcoin Cash
BCH
|
0.8008808 |
details, prediction |
XRP
XRP
|
0.8006254 |
details, prediction |
Second tier
|
Propy
PRO
|
0.86557585 |
details, prediction |
Verge
XVG
|
0.8567752 |
details, prediction |
Internet of Services
IOST
|
0.85581946 |
details, prediction |
ARK
ARK
|
0.84593964 |
details, prediction |
Zilliqa
ZIL
|
0.84500945 |
details, prediction |
Third tier
|
Synereo
AMP
|
0.88270175 |
details, prediction |
Kleros
PNK
|
0.87888396 |
details, prediction |
BABB
BAX
|
0.8785314 |
details, prediction |
Ignis
IGNIS
|
0.8774658 |
details, prediction |
Quantstamp
QSP
|
0.86930674 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Morpheus Labs 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 Morpheus Labs
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
UNUS SED LEO
LEO
|
-0.20378438 |
details, prediction |
Ethereum Classic
ETC
|
0.007229434 |
details, prediction |
Bitcoin SV
BSV
|
0.13866118 |
details, prediction |
Matic Network
MATIC
|
0.2857869 |
details, prediction |
ChainLink
LINK
|
0.5638252 |
details, prediction |
Second tier
|
Paxos Standard
PAX
|
-0.048124723 |
details, prediction |
MaidSafe Coin
MAID
|
0.08345249 |
details, prediction |
Storj
STORJ
|
0.11109654 |
details, prediction |
Bitcoin Gold
BTG
|
0.1787965 |
details, prediction |
MonaCoin
MONA
|
0.18671077 |
details, prediction |
Third tier
|
ViaCoin
VIA
|
-0.6142683 |
details, prediction |
Seele
SEELE
|
-0.58081216 |
details, prediction |
Gemini Dollar
GUSD
|
-0.57838184 |
details, prediction |
Time New Bank
TNB
|
-0.52433676 |
details, prediction |
Factom
FCT
|
-0.51911145 |
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)