Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
XRP
XRP
|
0.93753 |
details, prediction |
Binance Coin
BNB
|
0.8622261 |
details, prediction |
Bitcoin
BTC
|
0.8571693 |
details, prediction |
Dogecoin
DOGE
|
0.8281591 |
details, prediction |
Ethereum Classic
ETC
|
0.8189534 |
details, prediction |
|
Second tier
|
Theta
THETA
|
0.93332523 |
details, prediction |
Horizen
ZEN
|
0.9259594 |
details, prediction |
0x
ZRX
|
0.8947394 |
details, prediction |
Nexo
NEXO
|
0.8795359 |
details, prediction |
Vechain
VET
|
0.86450016 |
details, prediction |
|
Third tier
|
Bancor
BNT
|
0.91630095 |
details, prediction |
Gas
GAS
|
0.9077066 |
details, prediction |
Stox
STX
|
0.8796168 |
details, prediction |
Ontology
ONT
|
0.8629344 |
details, prediction |
SysCoin
SYS
|
0.80358493 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that QTUM 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 QTUM
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.4686827 |
details, prediction |
Stellar
XLM
|
0.48643672 |
details, prediction |
Monero
XMR
|
0.53774273 |
details, prediction |
Ethereum
ETH
|
0.68677646 |
details, prediction |
ChainLink
LINK
|
0.7144563 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.74003893 |
details, prediction |
USD//Coin
USDC
|
-0.27650034 |
details, prediction |
True USD
TUSD
|
-0.20347598 |
details, prediction |
Waves
WAVES
|
0.08061033 |
details, prediction |
aelf
ELF
|
0.116158254 |
details, prediction |
|
Third tier
|
Matrix AI Network
MAN
|
-0.5852239 |
details, prediction |
NKN
NKN
|
-0.45434108 |
details, prediction |
OPEN Platform
OPEN
|
-0.21257558 |
details, prediction |
ICON
ICX
|
-0.19378833 |
details, prediction |
Propy
PRO
|
-0.09385889 |
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)