Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.8640144 |
details, prediction |
Stellar
XLM
|
0.70199853 |
details, prediction |
Ethereum Classic
ETC
|
0.6822174 |
details, prediction |
Bitcoin Cash
BCH
|
0.54951996 |
details, prediction |
KuCoin Shares
KCS
|
0.48040152 |
details, prediction |
|
Second tier
|
iEx.ec
RLC
|
0.92290765 |
details, prediction |
IOTA
IOT
|
0.9150783 |
details, prediction |
Chiliz
CHZ
|
0.8988411 |
details, prediction |
Verge
XVG
|
0.8963945 |
details, prediction |
NEO
NEO
|
0.869443 |
details, prediction |
|
Third tier
|
IoTeX
IOTX
|
0.9256675 |
details, prediction |
ARK
ARK
|
0.8821499 |
details, prediction |
Kyber Network
KNC
|
0.87442803 |
details, prediction |
Civic
CVC
|
0.8585264 |
details, prediction |
Elastos
ELA
|
0.8574252 |
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
|
Ethereum
ETH
|
-0.06358922 |
details, prediction |
Monero
XMR
|
-0.05417671 |
details, prediction |
ChainLink
LINK
|
-0.009368981 |
details, prediction |
ZCash
ZEC
|
0.0026884372 |
details, prediction |
TRON
TRX
|
0.043601688 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.7796302 |
details, prediction |
USD//Coin
USDC
|
-0.24706659 |
details, prediction |
DigiByte
DGB
|
-0.24677406 |
details, prediction |
True USD
TUSD
|
-0.16914684 |
details, prediction |
Bitcoin SV
BSV
|
-0.15205151 |
details, prediction |
|
Third tier
|
Propy
PRO
|
-0.6193263 |
details, prediction |
NKN
NKN
|
-0.61912453 |
details, prediction |
V Systems
VSYS
|
-0.438705 |
details, prediction |
Phantasma
SOUL
|
-0.17370762 |
details, prediction |
Hydro Protocol
HOT
|
-0.14268921 |
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)