Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin
BTC
|
0.7671195 |
details, prediction |
Crypto.com Chain
CRO
|
0.7410596 |
details, prediction |
TRON
TRX
|
0.7370398 |
details, prediction |
KuCoin Shares
KCS
|
0.6561076 |
details, prediction |
Stellar
XLM
|
0.5408108 |
details, prediction |
|
Second tier
|
HoloToken
HOT
|
0.88739425 |
details, prediction |
BitTorrent
BTT
|
0.8521571 |
details, prediction |
Ardor
ARDR
|
0.8499932 |
details, prediction |
aelf
ELF
|
0.8391649 |
details, prediction |
Power Ledger
POWR
|
0.812727 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
0.9343844 |
details, prediction |
Red Pulse Phoenix
PHX
|
0.9035478 |
details, prediction |
0chain
ZCN
|
0.8997274 |
details, prediction |
HalalChain
HLC
|
0.89458877 |
details, prediction |
ArcBlock
ABT
|
0.89439344 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Po.et 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 Po.et
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Matic Network
MATIC
|
-0.6594389 |
details, prediction |
Ethereum Classic
ETC
|
-0.37617868 |
details, prediction |
Cardano
ADA
|
-0.36230898 |
details, prediction |
UNUS SED LEO
LEO
|
-0.350499 |
details, prediction |
Dogecoin
DOGE
|
-0.24163826 |
details, prediction |
|
Second tier
|
Telcoin
TEL
|
-0.58849853 |
details, prediction |
Quant Network
QNT
|
-0.45498624 |
details, prediction |
Theta Fuel
TFUEL
|
-0.32005757 |
details, prediction |
iEx.ec
RLC
|
-0.30945224 |
details, prediction |
Digix DAO
DGD
|
-0.10887109 |
details, prediction |
|
Third tier
|
STASIS EURS
EURS
|
-0.47215554 |
details, prediction |
BLOCKv
VEE
|
-0.4698391 |
details, prediction |
Chronobank
TIME
|
-0.43823302 |
details, prediction |
Linker Coin
LNC
|
-0.42941278 |
details, prediction |
Nework
NKC
|
-0.42174903 |
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)