Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Stellar
XLM
|
0.9385474 |
details, prediction |
XRP
XRP
|
0.9342416 |
details, prediction |
Tezos
XTZ
|
0.88293076 |
details, prediction |
Bitcoin SV
BSV
|
0.85968363 |
details, prediction |
KuCoin Shares
KCS
|
0.8034938 |
details, prediction |
Second tier
|
Waves
WAVES
|
0.884229 |
details, prediction |
IOTA
IOT
|
0.86930573 |
details, prediction |
Power Ledger
POWR
|
0.8529941 |
details, prediction |
Civic
CVC
|
0.8377232 |
details, prediction |
Ontology
ONT
|
0.82501686 |
details, prediction |
Third tier
|
Kcash
KCASH
|
0.9230793 |
details, prediction |
CyberMiles
CMT
|
0.92145365 |
details, prediction |
Elastos
ELA
|
0.9180661 |
details, prediction |
Seele
SEELE
|
0.89089847 |
details, prediction |
Time New Bank
TNB
|
0.8513568 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Maker 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 Maker
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Dogecoin
DOGE
|
-0.9163455 |
details, prediction |
Chiliz
CHZ
|
-0.9100638 |
details, prediction |
Binance Coin
BNB
|
-0.90507287 |
details, prediction |
Theta
THETA
|
-0.8582735 |
details, prediction |
Fantom
FTM
|
-0.6689505 |
details, prediction |
Second tier
|
Telcoin
TEL
|
-0.73643106 |
details, prediction |
Lisk
LSK
|
-0.66266036 |
details, prediction |
OriginTrail
TRAC
|
-0.6599182 |
details, prediction |
Loopring
LRC
|
-0.58042526 |
details, prediction |
Ocean Protocol
OCEAN
|
-0.56372637 |
details, prediction |
Third tier
|
Cortex
CTXC
|
-0.57283336 |
details, prediction |
DeepBrain Chain
DBC
|
-0.55954236 |
details, prediction |
Gas
GAS
|
-0.43693662 |
details, prediction |
Wanchain
WAN
|
-0.33668873 |
details, prediction |
Gemini Dollar
GUSD
|
-0.3323479 |
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)