Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin
BTC
|
0.6438752 |
details, prediction |
Bitcoin Cash
BCH
|
0.3446693 |
details, prediction |
Monero
XMR
|
0.33116174 |
details, prediction |
Litecoin
LTC
|
0.3071636 |
details, prediction |
ZCash
ZEC
|
0.27914134 |
details, prediction |
|
Second tier
|
Vechain
VET
|
0.8109529 |
details, prediction |
Nano
NANO
|
0.63212496 |
details, prediction |
DigiByte
DGB
|
0.5883002 |
details, prediction |
Zilliqa
ZIL
|
0.50818235 |
details, prediction |
IOTA
IOT
|
0.49838716 |
details, prediction |
|
Third tier
|
Presearch
PRE
|
0.9457096 |
details, prediction |
RealTract
RET
|
0.9127623 |
details, prediction |
Moneytoken
IMT
|
0.8830066 |
details, prediction |
PotCoin
POT
|
0.8396201 |
details, prediction |
EdenChain
EDN
|
0.8131443 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that PKG token 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 PKG token
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
XRP
XRP
|
-0.35563686 |
details, prediction |
Maker
MKR
|
-0.28641227 |
details, prediction |
Stellar
XLM
|
-0.22952437 |
details, prediction |
SONM
SNM
|
-0.11553921 |
details, prediction |
ChainLink
LINK
|
-0.105273046 |
details, prediction |
|
Second tier
|
Quant Network
QNT
|
-0.3662209 |
details, prediction |
SwissBorg
CHSB
|
-0.3366571 |
details, prediction |
Nexo
NEXO
|
-0.32532457 |
details, prediction |
Bitcoin Gold
BTG
|
-0.28159732 |
details, prediction |
Tezos
XTZ
|
-0.21775913 |
details, prediction |
|
Third tier
|
Dero
DERO
|
-0.8413967 |
details, prediction |
Dreamscape
DSC
|
-0.7955672 |
details, prediction |
Nasdacoin
NSD
|
-0.7800835 |
details, prediction |
Spectre.ai Dividend Token
SXDT
|
-0.6790329 |
details, prediction |
Tidex Token
TDX
|
-0.67684853 |
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)