Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Stellar
XLM
|
0.9399012 |
details, prediction |
XRP
XRP
|
0.9354718 |
details, prediction |
Bitcoin Cash
BCH
|
0.9233519 |
details, prediction |
Cardano
ADA
|
0.92295325 |
details, prediction |
TRON
TRX
|
0.92096174 |
details, prediction |
Second tier
|
Metadium
META
|
0.9463785 |
details, prediction |
Dent
DENT
|
0.94571614 |
details, prediction |
Verge
XVG
|
0.9233594 |
details, prediction |
Bitcoin SV
BSV
|
0.92141664 |
details, prediction |
Ravencoin
RVN
|
0.9195037 |
details, prediction |
Third tier
|
OneRoot Network
RNT
|
0.9773402 |
details, prediction |
Raiden Network
RDN
|
0.97362834 |
details, prediction |
Synereo
AMP
|
0.94265574 |
details, prediction |
Game
GTC
|
0.9358526 |
details, prediction |
Crown Coin
CRW
|
0.9319278 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that MinersReward 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 MinersReward
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Tezos
XTZ
|
-0.21424276 |
details, prediction |
KuCoin Shares
KCS
|
0.045734935 |
details, prediction |
USD//Coin
USDC
|
0.1488407 |
details, prediction |
ChainLink
LINK
|
0.29573536 |
details, prediction |
Theta
THETA
|
0.5485778 |
details, prediction |
Second tier
|
Aragon
ANT
|
-0.79564935 |
details, prediction |
HedgeTrade
HEDG
|
-0.7435126 |
details, prediction |
FirstBlood
1ST
|
-0.69791645 |
details, prediction |
Huobi Token
HT
|
-0.45505047 |
details, prediction |
Synthetix Network Token
SNX
|
-0.14673312 |
details, prediction |
Third tier
|
Seele
SEELE
|
-0.90514636 |
details, prediction |
RSK Infrastructure Framework
RIF
|
-0.84364945 |
details, prediction |
CommerceBlock
CBT
|
-0.80922383 |
details, prediction |
BipCoin
BIP
|
-0.7842665 |
details, prediction |
Winchain
WIN
|
-0.7771889 |
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)