Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Litecoin
LTC
|
0.8949034 |
details, prediction |
Ethereum
ETH
|
0.8930018 |
details, prediction |
ZCash
ZEC
|
0.8807224 |
details, prediction |
Ethereum Classic
ETC
|
0.87606627 |
details, prediction |
Binance Coin
BNB
|
0.8744798 |
details, prediction |
|
Second tier
|
BitTorrent
BTT
|
0.8988672 |
details, prediction |
DASH
DASH
|
0.8924221 |
details, prediction |
Metadium
META
|
0.89142555 |
details, prediction |
Aragon
ANT
|
0.88713706 |
details, prediction |
Bitcoin Gold
BTG
|
0.8668549 |
details, prediction |
|
Third tier
|
Experience Points
XP
|
0.9896776 |
details, prediction |
Bibox Token
BIX
|
0.9193856 |
details, prediction |
Xriba
XRA
|
0.9114716 |
details, prediction |
Bitcoin Diamond
BCD
|
0.906934 |
details, prediction |
WAX
WAX
|
0.90488654 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that MinexCoin 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 MinexCoin
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Matic Network
MATIC
|
-0.28489757 |
details, prediction |
SONM
SNM
|
-0.08790827 |
details, prediction |
Maker
MKR
|
0.25460228 |
details, prediction |
ChainLink
LINK
|
0.33495134 |
details, prediction |
Fantom
FTM
|
0.5883727 |
details, prediction |
|
Second tier
|
FTX Token
FTT
|
-0.7141086 |
details, prediction |
Tezos
XTZ
|
-0.59751904 |
details, prediction |
Synthetix Network Token
SNX
|
-0.5907435 |
details, prediction |
HedgeTrade
HEDG
|
-0.5645648 |
details, prediction |
Horizen
ZEN
|
-0.5386765 |
details, prediction |
|
Third tier
|
Kambria
KAT
|
-0.72863764 |
details, prediction |
Blockport
BPT
|
-0.7241517 |
details, prediction |
Seele
SEELE
|
-0.6252707 |
details, prediction |
BABB
BAX
|
-0.62038976 |
details, prediction |
Cryptonex
CNX
|
-0.6140703 |
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)