Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
SONM
SNM
|
0.4609244 |
details, prediction |
Stellar
XLM
|
0.39827895 |
details, prediction |
Bitcoin Cash
BCH
|
0.3900184 |
details, prediction |
TRON
TRX
|
0.3587785 |
details, prediction |
Theta
THETA
|
0.3499476 |
details, prediction |
Second tier
|
ARK
ARK
|
0.40211704 |
details, prediction |
Civic
CVC
|
0.40194058 |
details, prediction |
Status
SNT
|
0.3580281 |
details, prediction |
Basic Attention Token
BAT
|
0.3486696 |
details, prediction |
Zilliqa
ZIL
|
0.324517 |
details, prediction |
Third tier
|
Tidex Token
TDX
|
0.77261835 |
details, prediction |
BOX Token
BOX
|
0.6950638 |
details, prediction |
Hubiit
HBT
|
0.5218698 |
details, prediction |
Streamr DATAcoin
DATA
|
0.5115208 |
details, prediction |
RealTract
RET
|
0.479964 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Moin 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 Moin
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
USD//Coin
USDC
|
-0.28105003 |
details, prediction |
Dogecoin
DOGE
|
-0.2123917 |
details, prediction |
Vechain
VET
|
0.059573643 |
details, prediction |
Monero
XMR
|
0.073604375 |
details, prediction |
Ethereum Classic
ETC
|
0.075146146 |
details, prediction |
Second tier
|
Paxos Standard
PAX
|
-0.2180194 |
details, prediction |
HoloToken
HOT
|
-0.17235084 |
details, prediction |
True USD
TUSD
|
-0.16670546 |
details, prediction |
Dai
DAI
|
-0.032187283 |
details, prediction |
Waves
WAVES
|
-0.013753597 |
details, prediction |
Third tier
|
BitcoinDark
BTCD
|
-0.45823503 |
details, prediction |
Asia Coin
AC
|
-0.41579324 |
details, prediction |
Gemini Dollar
GUSD
|
-0.34023696 |
details, prediction |
Linkey
LKY
|
-0.28956053 |
details, prediction |
Playgroundz
IOG
|
-0.26662174 |
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)