Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.45291743 |
details, prediction |
ChainLink
LINK
|
0.18931507 |
details, prediction |
Ethereum
ETH
|
-0.06255185 |
details, prediction |
Litecoin
LTC
|
-0.06561179 |
details, prediction |
Maker
MKR
|
-0.0917711 |
details, prediction |
|
Second tier
|
BitTorrent
BTT
|
0.7784404 |
details, prediction |
HoloToken
HOT
|
0.45387897 |
details, prediction |
Quant Network
QNT
|
0.39282453 |
details, prediction |
USD//Coin
USDC
|
0.25133765 |
details, prediction |
Paxos Standard
PAX
|
0.24155091 |
details, prediction |
|
Third tier
|
CEEK
CEEK
|
0.75759816 |
details, prediction |
FantomCoin
FCN
|
0.7428109 |
details, prediction |
Xaurum
XAUR
|
0.6814548 |
details, prediction |
SyncFab
MFG
|
0.67474407 |
details, prediction |
Digix Gold Token
DGX
|
0.66897386 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Paymon 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 Paymon
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
-0.67834866 |
details, prediction |
Fantom
FTM
|
-0.66923255 |
details, prediction |
Stellar
XLM
|
-0.64043105 |
details, prediction |
SONM
SNM
|
-0.4852687 |
details, prediction |
Dogecoin
DOGE
|
-0.37452242 |
details, prediction |
|
Second tier
|
Telcoin
TEL
|
-0.71935564 |
details, prediction |
Decentraland
MANA
|
-0.66215426 |
details, prediction |
Ravencoin
RVN
|
-0.54339194 |
details, prediction |
Bitcoin Gold
BTG
|
-0.5142081 |
details, prediction |
Basic Attention Token
BAT
|
-0.50649345 |
details, prediction |
|
Third tier
|
BrahmaOS
BRM
|
-0.79727626 |
details, prediction |
Aurora Chain
AOA
|
-0.72761726 |
details, prediction |
Project Pai
PAI
|
-0.72123146 |
details, prediction |
High Performance Blockchain
HPB
|
-0.71127564 |
details, prediction |
GoChain
GO
|
-0.706368 |
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)