Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.73018265 |
details, prediction |
Ethereum Classic
ETC
|
0.6222634 |
details, prediction |
KuCoin Shares
KCS
|
0.5841448 |
details, prediction |
Stellar
XLM
|
0.5520265 |
details, prediction |
XRP
XRP
|
0.49816233 |
details, prediction |
|
Second tier
|
Verge
XVG
|
0.728095 |
details, prediction |
FTX Token
FTT
|
0.6997107 |
details, prediction |
Cosmos
ATOM
|
0.6842049 |
details, prediction |
IOTA
IOT
|
0.6829772 |
details, prediction |
Nexo
NEXO
|
0.64938116 |
details, prediction |
|
Third tier
|
BABB
BAX
|
0.8181929 |
details, prediction |
Achain
ACT
|
0.69945437 |
details, prediction |
Elastos
ELA
|
0.6733031 |
details, prediction |
SingularityNET
AGI
|
0.6706411 |
details, prediction |
Kyber Network
KNC
|
0.65442586 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Metal 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 Metal
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.07029529 |
details, prediction |
Monero
XMR
|
0.0725431 |
details, prediction |
Ethereum
ETH
|
0.07393238 |
details, prediction |
ZCash
ZEC
|
0.12799056 |
details, prediction |
ChainLink
LINK
|
0.14958042 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
-0.20478036 |
details, prediction |
Decred
DCR
|
-0.17400666 |
details, prediction |
USD//Coin
USDC
|
-0.1495559 |
details, prediction |
HoloToken
HOT
|
-0.11578075 |
details, prediction |
Bitcoin SV
BSV
|
-0.11124542 |
details, prediction |
|
Third tier
|
NKN
NKN
|
-0.7156203 |
details, prediction |
Dero
DERO
|
-0.48056257 |
details, prediction |
V Systems
VSYS
|
-0.4498411 |
details, prediction |
Constellation
DAG
|
-0.40899485 |
details, prediction |
Propy
PRO
|
-0.277226 |
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)