Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
0.9280397 |
details, prediction |
Monero
XMR
|
0.925309 |
details, prediction |
KuCoin Shares
KCS
|
0.91914046 |
details, prediction |
Litecoin
LTC
|
0.9163393 |
details, prediction |
Vechain
VET
|
0.9155089 |
details, prediction |
|
Second tier
|
Nano
NANO
|
0.9328353 |
details, prediction |
Horizen
ZEN
|
0.92833483 |
details, prediction |
Ardor
ARDR
|
0.9269007 |
details, prediction |
DASH
DASH
|
0.9233684 |
details, prediction |
NEO
NEO
|
0.9231445 |
details, prediction |
|
Third tier
|
BOX Token
BOX
|
0.9564821 |
details, prediction |
Crypterium
CRPT
|
0.952465 |
details, prediction |
Electra
ECA
|
0.94410944 |
details, prediction |
DeepBrain Chain
DBC
|
0.9404481 |
details, prediction |
Seele
SEELE
|
0.93944675 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Galactrum 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 Galactrum
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
0.4881154 |
details, prediction |
Maker
MKR
|
0.650498 |
details, prediction |
TRON
TRX
|
0.6509763 |
details, prediction |
Dogecoin
DOGE
|
0.8254659 |
details, prediction |
Fantom
FTM
|
0.84581137 |
details, prediction |
|
Second tier
|
XYO Network
XYO
|
-0.54620564 |
details, prediction |
Waves
WAVES
|
-0.37189403 |
details, prediction |
Dai
DAI
|
-0.31431916 |
details, prediction |
Paxos Standard
PAX
|
-0.15911031 |
details, prediction |
True USD
TUSD
|
-0.14925458 |
details, prediction |
|
Third tier
|
Altcoin
ALT
|
-0.7889081 |
details, prediction |
CWV Chain
CWV
|
-0.720364 |
details, prediction |
Factom
FCT
|
-0.7134012 |
details, prediction |
Chainium
CHX
|
-0.6824522 |
details, prediction |
Dreamscape
DSC
|
-0.65824234 |
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)