Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
XRP
XRP
|
0.8239389 |
details, prediction |
Binance Coin
BNB
|
0.81425494 |
details, prediction |
Ethereum Classic
ETC
|
0.798176 |
details, prediction |
Cardano
ADA
|
0.76512456 |
details, prediction |
KuCoin Shares
KCS
|
0.7217602 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
0.8646607 |
details, prediction |
Status
SNT
|
0.86188835 |
details, prediction |
Decentraland
MANA
|
0.8229257 |
details, prediction |
Tezos
XTZ
|
0.8049831 |
details, prediction |
Synthetix Network Token
SNX
|
0.800875 |
details, prediction |
|
Third tier
|
Lisk
LSK
|
0.8571964 |
details, prediction |
Internet of Services
IOST
|
0.8449471 |
details, prediction |
SingularityNET
AGI
|
0.83803886 |
details, prediction |
ARK
ARK
|
0.8290687 |
details, prediction |
Civic
CVC
|
0.808473 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that QuarkChain 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 QuarkChain
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.5945654 |
details, prediction |
ZCash
ZEC
|
0.060811657 |
details, prediction |
UNUS SED LEO
LEO
|
0.16265187 |
details, prediction |
Ethereum
ETH
|
0.36465356 |
details, prediction |
Bitcoin
BTC
|
0.40405223 |
details, prediction |
|
Second tier
|
Nexo
NEXO
|
-0.47785613 |
details, prediction |
Decred
DCR
|
-0.05316218 |
details, prediction |
Algorand
ALGO
|
-0.022159325 |
details, prediction |
Bitcoin SV
BSV
|
0.09780556 |
details, prediction |
HoloToken
HOT
|
0.11169353 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.4711074 |
details, prediction |
OPEN Platform
OPEN
|
-0.3114406 |
details, prediction |
Propy
PRO
|
-0.25464898 |
details, prediction |
V Systems
VSYS
|
-0.18347993 |
details, prediction |
NKN
NKN
|
-0.13927047 |
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)