Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Fantom
FTM
|
0.8306045 |
details, prediction |
Bitcoin SV
BSV
|
0.80764586 |
details, prediction |
Dogecoin
DOGE
|
0.7904771 |
details, prediction |
KuCoin Shares
KCS
|
0.77033406 |
details, prediction |
Stellar
XLM
|
0.6708644 |
details, prediction |
Second tier
|
Telcoin
TEL
|
0.78705496 |
details, prediction |
NEM
XEM
|
0.7772524 |
details, prediction |
Decentraland
MANA
|
0.7635489 |
details, prediction |
XYO Network
XYO
|
0.7501435 |
details, prediction |
Lisk
LSK
|
0.7416472 |
details, prediction |
Third tier
|
Tidex Token
TDX
|
0.9116633 |
details, prediction |
AICHAIN
AIT
|
0.85193723 |
details, prediction |
GridCoin
GRC
|
0.84098506 |
details, prediction |
Elastos
ELA
|
0.82890064 |
details, prediction |
QuarkChain
QKC
|
0.8278999 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Playkey 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 Playkey
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
TRON
TRX
|
-0.7680747 |
details, prediction |
ChainLink
LINK
|
-0.755137 |
details, prediction |
Binance Coin
BNB
|
-0.46529356 |
details, prediction |
Litecoin
LTC
|
-0.43528855 |
details, prediction |
Cardano
ADA
|
-0.37824684 |
details, prediction |
Second tier
|
HoloToken
HOT
|
-0.7228989 |
details, prediction |
Loopring
LRC
|
-0.65847284 |
details, prediction |
Internet of Services
IOST
|
-0.6290743 |
details, prediction |
Ethos (Bitquence)
BQX
|
-0.61876214 |
details, prediction |
Quant Network
QNT
|
-0.49286616 |
details, prediction |
Third tier
|
GoldCoin
GLD
|
-0.7930489 |
details, prediction |
Blockport
BPT
|
-0.7828726 |
details, prediction |
Grid+
GRID
|
-0.77301186 |
details, prediction |
Decent.bet
DBET
|
-0.76405156 |
details, prediction |
Augur
REP
|
-0.75516486 |
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)