Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
0.97864115 |
details, prediction |
TRON
TRX
|
0.96168315 |
details, prediction |
XRP
XRP
|
0.9565963 |
details, prediction |
Cardano
ADA
|
0.9422355 |
details, prediction |
Ethereum
ETH
|
0.9418696 |
details, prediction |
|
Second tier
|
DASH
DASH
|
0.96099335 |
details, prediction |
HoloToken
HOT
|
0.95053977 |
details, prediction |
0x
ZRX
|
0.9493189 |
details, prediction |
Verge
XVG
|
0.9492319 |
details, prediction |
Status
SNT
|
0.948334 |
details, prediction |
|
Third tier
|
Crypto20
C20
|
0.9741845 |
details, prediction |
Gas
GAS
|
0.96914154 |
details, prediction |
Bancor
BNT
|
0.9670951 |
details, prediction |
Synereo
AMP
|
0.96424186 |
details, prediction |
NEM
XEM
|
0.9635265 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that On.Live 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 On.Live
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.13386528 |
details, prediction |
Bitcoin
BTC
|
0.25227123 |
details, prediction |
ChainLink
LINK
|
0.4320097 |
details, prediction |
Crypto.com Chain
CRO
|
0.6202632 |
details, prediction |
Matic Network
MATIC
|
0.7390124 |
details, prediction |
|
Second tier
|
FirstBlood
1ST
|
-0.8281459 |
details, prediction |
HedgeTrade
HEDG
|
-0.8047422 |
details, prediction |
Huobi Token
HT
|
-0.4955282 |
details, prediction |
SwissBorg
CHSB
|
-0.2842089 |
details, prediction |
Aragon
ANT
|
-0.26632428 |
details, prediction |
|
Third tier
|
RSK Infrastructure Framework
RIF
|
-0.8471325 |
details, prediction |
Seele
SEELE
|
-0.8066263 |
details, prediction |
Digix Gold Token
DGX
|
-0.77492446 |
details, prediction |
Vitae
VITAE
|
-0.75098836 |
details, prediction |
BipCoin
BIP
|
-0.746597 |
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)