Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.83505666 |
details, prediction |
Ethereum Classic
ETC
|
0.7585511 |
details, prediction |
Bitcoin Cash
BCH
|
0.585633 |
details, prediction |
Monero
XMR
|
0.5644091 |
details, prediction |
Maker
MKR
|
0.55502146 |
details, prediction |
|
Second tier
|
Huobi Token
HT
|
0.913558 |
details, prediction |
Decred
DCR
|
0.88501745 |
details, prediction |
DigiByte
DGB
|
0.8265323 |
details, prediction |
Synthetix Network Token
SNX
|
0.7910395 |
details, prediction |
NEO
NEO
|
0.77240574 |
details, prediction |
|
Third tier
|
Project Pai
PAI
|
0.9595647 |
details, prediction |
Global Social Chain
GSC
|
0.9514158 |
details, prediction |
Populous
PPT
|
0.94793934 |
details, prediction |
Kcash
KCASH
|
0.94451326 |
details, prediction |
Game
GTC
|
0.9327084 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Matryx 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 Matryx
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Fantom
FTM
|
-0.6831283 |
details, prediction |
Bitcoin
BTC
|
-0.5460618 |
details, prediction |
Crypto.com Chain
CRO
|
-0.4562542 |
details, prediction |
KuCoin Shares
KCS
|
-0.4335328 |
details, prediction |
Ethereum
ETH
|
-0.42394274 |
details, prediction |
|
Second tier
|
OriginTrail
TRAC
|
-0.56729835 |
details, prediction |
XYO Network
XYO
|
-0.55196875 |
details, prediction |
Decentraland
MANA
|
-0.4673758 |
details, prediction |
Loopring
LRC
|
-0.4543905 |
details, prediction |
Algorand
ALGO
|
-0.44699353 |
details, prediction |
|
Third tier
|
Dero
DERO
|
-0.7381766 |
details, prediction |
Rotharium
RTH
|
-0.71078616 |
details, prediction |
Xriba
XRA
|
-0.6927665 |
details, prediction |
Bitbook Gambling
BXK
|
-0.6921706 |
details, prediction |
HEROcoin
PLAY
|
-0.67651856 |
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)