Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.6442126 |
details, prediction |
ZCash
ZEC
|
0.61406964 |
details, prediction |
Bitcoin Cash
BCH
|
0.56805104 |
details, prediction |
Bitcoin
BTC
|
0.5444254 |
details, prediction |
Crypto.com Chain
CRO
|
0.53629607 |
details, prediction |
|
Second tier
|
OriginTrail
TRAC
|
0.7182261 |
details, prediction |
Bitcoin Gold
BTG
|
0.6943083 |
details, prediction |
DASH
DASH
|
0.6279527 |
details, prediction |
IOTA
IOT
|
0.6088001 |
details, prediction |
SwissBorg
CHSB
|
0.6033815 |
details, prediction |
|
Third tier
|
Wowbit
WWB
|
0.95337826 |
details, prediction |
Omnitude
ECOM
|
0.86880535 |
details, prediction |
Synereo
AMP
|
0.836592 |
details, prediction |
Credit Tag Chain
CTC
|
0.811406 |
details, prediction |
42 Coin
42
|
0.78761154 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Nanjcoin 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 Nanjcoin
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Fantom
FTM
|
-0.25241724 |
details, prediction |
Matic Network
MATIC
|
-0.104182675 |
details, prediction |
SONM
SNM
|
0.056192078 |
details, prediction |
UNUS SED LEO
LEO
|
0.28962925 |
details, prediction |
Maker
MKR
|
0.32860276 |
details, prediction |
|
Second tier
|
Telcoin
TEL
|
-0.44520402 |
details, prediction |
Synthetix Network Token
SNX
|
-0.21908979 |
details, prediction |
True USD
TUSD
|
-0.056132883 |
details, prediction |
FirstBlood
1ST
|
-0.03877815 |
details, prediction |
Metadium
META
|
-0.0299691 |
details, prediction |
|
Third tier
|
Tycoon Global
TCT
|
-0.6513987 |
details, prediction |
Karatgold
KBC
|
-0.64411354 |
details, prediction |
Nexty
NTY
|
-0.6426666 |
details, prediction |
LAToken
LA
|
-0.6065468 |
details, prediction |
TerraCoin
TRC
|
-0.60086554 |
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)