Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Cosmos
ATOM
|
0.9660437 |
details, prediction |
Decentraland
MANA
|
0.9636826 |
details, prediction |
IOTA
IOT
|
0.9419014 |
details, prediction |
Matic Network
MATIC
|
0.9387397 |
details, prediction |
XRP
XRP
|
0.9324273 |
details, prediction |
Second tier
|
Bitcoin Diamond
BCD
|
0.9661951 |
details, prediction |
Fantom
FTM
|
0.94504255 |
details, prediction |
Aragon
ANT
|
0.91788757 |
details, prediction |
Waves
WAVES
|
0.9090986 |
details, prediction |
Ravencoin
RVN
|
0.90799564 |
details, prediction |
Third tier
|
CREDITS
CS
|
0.96824425 |
details, prediction |
Gamecredits
GAME
|
0.96578 |
details, prediction |
Kin
KIN
|
0.9600552 |
details, prediction |
Ripio
RCN
|
0.95855904 |
details, prediction |
IoT Chain
ITC
|
0.9513503 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Merculet 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 Merculet
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
TRON
TRX
|
-0.87743145 |
details, prediction |
Monero
XMR
|
0.19817528 |
details, prediction |
KuCoin Shares
KCS
|
0.6389476 |
details, prediction |
Dogecoin
DOGE
|
0.63959026 |
details, prediction |
Ethereum Classic
ETC
|
0.6712981 |
details, prediction |
Second tier
|
USD//Coin
USDC
|
-0.66231793 |
details, prediction |
Dai
DAI
|
-0.6468846 |
details, prediction |
True USD
TUSD
|
-0.53196305 |
details, prediction |
Paxos Standard
PAX
|
-0.472986 |
details, prediction |
EthLend
LEND
|
-0.4467686 |
details, prediction |
Third tier
|
Time New Bank
TNB
|
-0.934745 |
details, prediction |
FeatherCoin
FTC
|
-0.7798594 |
details, prediction |
ILCoin
ILC
|
-0.755467 |
details, prediction |
SunContract
SNC
|
-0.5885753 |
details, prediction |
Pluton
PLU
|
-0.5656083 |
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)