Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Fantom
FTM
|
0.85329485 |
details, prediction |
SONM
SNM
|
0.84912133 |
details, prediction |
Matic Network
MATIC
|
0.52639323 |
details, prediction |
Maker
MKR
|
0.5013293 |
details, prediction |
UNUS SED LEO
LEO
|
0.36256096 |
details, prediction |
|
Second tier
|
Quant Network
QNT
|
0.9292107 |
details, prediction |
FirstBlood
1ST
|
0.90297925 |
details, prediction |
HoloToken
HOT
|
0.8379061 |
details, prediction |
Paxos Standard
PAX
|
0.8378863 |
details, prediction |
USD//Coin
USDC
|
0.83352304 |
details, prediction |
|
Third tier
|
VestChain
VEST
|
0.97044116 |
details, prediction |
Matrix AI Network
MAN
|
0.96805114 |
details, prediction |
Particl
PART
|
0.9580364 |
details, prediction |
CUBE
AUTO
|
0.9520783 |
details, prediction |
ILCoin
ILC
|
0.9509702 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Maverick Chain 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 Maverick Chain
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
-0.54726404 |
details, prediction |
Ethereum Classic
ETC
|
-0.51720524 |
details, prediction |
Bitcoin Cash
BCH
|
-0.47882113 |
details, prediction |
Bitcoin
BTC
|
-0.4685519 |
details, prediction |
ZCash
ZEC
|
-0.44032085 |
details, prediction |
|
Second tier
|
FTX Token
FTT
|
-0.8382308 |
details, prediction |
HedgeTrade
HEDG
|
-0.8281356 |
details, prediction |
Horizen
ZEN
|
-0.6833124 |
details, prediction |
SwissBorg
CHSB
|
-0.6106716 |
details, prediction |
Cosmos
ATOM
|
-0.58424914 |
details, prediction |
|
Third tier
|
Ecoreal Estate
ECOREAL
|
-0.84246486 |
details, prediction |
TomoChain
TOMO
|
-0.7592853 |
details, prediction |
Lamden Tau
TAU
|
-0.7144027 |
details, prediction |
Switcheo Network
SWH
|
-0.70756996 |
details, prediction |
DubaiCoin
DBIX
|
-0.6902529 |
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)