Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Maker
MKR
|
0.9272968 |
details, prediction |
Cardano
ADA
|
0.9137202 |
details, prediction |
Litecoin
LTC
|
0.91192275 |
details, prediction |
Bitcoin Cash
BCH
|
0.9116053 |
details, prediction |
Ethereum
ETH
|
0.89724123 |
details, prediction |
|
Second tier
|
aelf
ELF
|
0.92136925 |
details, prediction |
MonaCoin
MONA
|
0.9166077 |
details, prediction |
Bitcoin Gold
BTG
|
0.9151476 |
details, prediction |
NEO
NEO
|
0.91416836 |
details, prediction |
FirstBlood
1ST
|
0.9107306 |
details, prediction |
|
Third tier
|
Pillar
PLR
|
0.94146115 |
details, prediction |
Electroneum
ETN
|
0.9348725 |
details, prediction |
Cofound.it
CFI
|
0.93480575 |
details, prediction |
Einsteinium
EMC2
|
0.9308593 |
details, prediction |
NEM
XEM
|
0.9285047 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that PutinCoin 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 PutinCoin
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
0.2835903 |
details, prediction |
Ethereum Classic
ETC
|
0.38548517 |
details, prediction |
Binance Coin
BNB
|
0.552452 |
details, prediction |
Bitcoin
BTC
|
0.5599685 |
details, prediction |
Stellar
XLM
|
0.6311595 |
details, prediction |
|
Second tier
|
Vechain
VET
|
-0.6466782 |
details, prediction |
Ravencoin
RVN
|
-0.30436665 |
details, prediction |
Dai
DAI
|
-0.02477707 |
details, prediction |
True USD
TUSD
|
0.39402443 |
details, prediction |
DigiByte
DGB
|
0.42324558 |
details, prediction |
|
Third tier
|
Docademic
MTC
|
-0.7574194 |
details, prediction |
BHPCash
BHPC
|
-0.75464463 |
details, prediction |
Metaverse
ETP
|
-0.6433496 |
details, prediction |
Scroll
SCRL
|
-0.5220888 |
details, prediction |
Zilbercoin
ZBC
|
-0.4144304 |
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)