Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.38011965 |
details, prediction |
Cardano
ADA
|
0.29176354 |
details, prediction |
Fantom
FTM
|
0.26953274 |
details, prediction |
Litecoin
LTC
|
0.22460511 |
details, prediction |
Dogecoin
DOGE
|
0.21392784 |
details, prediction |
|
Second tier
|
DASH
DASH
|
0.26541615 |
details, prediction |
QTUM
QTUM
|
0.26352158 |
details, prediction |
Cortex
CTXC
|
0.26236403 |
details, prediction |
Telcoin
TEL
|
0.25900874 |
details, prediction |
IOTA
IOT
|
0.2381473 |
details, prediction |
|
Third tier
|
Tidex Token
TDX
|
0.91479564 |
details, prediction |
Credit Tag Chain
CTC
|
0.79888785 |
details, prediction |
Tycoon Global
TCT
|
0.61578846 |
details, prediction |
CEEK
CEEK
|
0.6154696 |
details, prediction |
Nimiq
NET
|
0.5425837 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Popchain 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 Popchain
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.059257876 |
details, prediction |
Maker
MKR
|
0.07078019 |
details, prediction |
Stellar
XLM
|
0.07779267 |
details, prediction |
XRP
XRP
|
0.11016662 |
details, prediction |
Bitcoin
BTC
|
0.11782759 |
details, prediction |
|
Second tier
|
Paxos Standard
PAX
|
-0.50813776 |
details, prediction |
USD//Coin
USDC
|
-0.50543755 |
details, prediction |
True USD
TUSD
|
-0.48662633 |
details, prediction |
AMO Coin
AMO
|
-0.34119275 |
details, prediction |
MonaCoin
MONA
|
-0.15325885 |
details, prediction |
|
Third tier
|
TrezarCoin
TZC
|
-0.8365002 |
details, prediction |
Dotcoin
DOT
|
-0.7161535 |
details, prediction |
E-Gulden
EFL
|
-0.6322943 |
details, prediction |
GoldCoin
GLD
|
-0.538282 |
details, prediction |
OPEN Platform
OPEN
|
-0.5349767 |
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)