Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
0.93017673 |
details, prediction |
Binance Coin
BNB
|
0.90658444 |
details, prediction |
ChainLink
LINK
|
0.8973022 |
details, prediction |
Ethereum
ETH
|
0.89524716 |
details, prediction |
Litecoin
LTC
|
0.8906817 |
details, prediction |
|
Second tier
|
QTUM
QTUM
|
0.9339891 |
details, prediction |
Vechain
VET
|
0.9322905 |
details, prediction |
Theta
THETA
|
0.92932093 |
details, prediction |
0x
ZRX
|
0.9201632 |
details, prediction |
Bitcoin SV
BSV
|
0.8997917 |
details, prediction |
|
Third tier
|
Steem
STEEM
|
0.9426534 |
details, prediction |
Kyber Network
KNC
|
0.91628397 |
details, prediction |
Power Ledger
POWR
|
0.91330415 |
details, prediction |
QuarkChain
QKC
|
0.91292495 |
details, prediction |
Gas
GAS
|
0.8927336 |
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
|
0.0555884 |
details, prediction |
KuCoin Shares
KCS
|
0.60435605 |
details, prediction |
Stellar
XLM
|
0.6638862 |
details, prediction |
Bitcoin Cash
BCH
|
0.75885975 |
details, prediction |
Dogecoin
DOGE
|
0.82724386 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
-0.82386535 |
details, prediction |
USD//Coin
USDC
|
-0.5473372 |
details, prediction |
True USD
TUSD
|
-0.5104958 |
details, prediction |
aelf
ELF
|
-0.01622359 |
details, prediction |
Telcoin
TEL
|
0.024510626 |
details, prediction |
|
Third tier
|
ICON
ICX
|
-0.8014706 |
details, prediction |
Matrix AI Network
MAN
|
-0.7395293 |
details, prediction |
Storj
STORJ
|
-0.6959315 |
details, prediction |
OPEN Platform
OPEN
|
-0.6696562 |
details, prediction |
HEROcoin
PLAY
|
-0.6183151 |
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)