Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.84594333 |
details, prediction |
Cardano
ADA
|
0.81066215 |
details, prediction |
Ethereum Classic
ETC
|
0.79633373 |
details, prediction |
Bitcoin Cash
BCH
|
0.7931366 |
details, prediction |
XRP
XRP
|
0.7297948 |
details, prediction |
|
Second tier
|
Vechain
VET
|
0.9381618 |
details, prediction |
Decentraland
MANA
|
0.9243848 |
details, prediction |
IOTA
IOT
|
0.906121 |
details, prediction |
Status
SNT
|
0.8974348 |
details, prediction |
Basic Attention Token
BAT
|
0.8920809 |
details, prediction |
|
Third tier
|
Power Ledger
POWR
|
0.93638337 |
details, prediction |
Loopring
LRC
|
0.93393767 |
details, prediction |
Internet of Services
IOST
|
0.9282032 |
details, prediction |
ICON
ICX
|
0.8863624 |
details, prediction |
PIVX
PIVX
|
0.8789286 |
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
|
-0.6217391 |
details, prediction |
UNUS SED LEO
LEO
|
-0.17496152 |
details, prediction |
ZCash
ZEC
|
-0.044931594 |
details, prediction |
Bitcoin
BTC
|
0.14245251 |
details, prediction |
Ethereum
ETH
|
0.15021905 |
details, prediction |
|
Second tier
|
Nexo
NEXO
|
-0.510551 |
details, prediction |
Decred
DCR
|
-0.21519378 |
details, prediction |
HoloToken
HOT
|
-0.101044826 |
details, prediction |
Bitcoin SV
BSV
|
0.07703487 |
details, prediction |
Algorand
ALGO
|
0.096525036 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.382473 |
details, prediction |
V Systems
VSYS
|
-0.37158844 |
details, prediction |
Propy
PRO
|
-0.3136309 |
details, prediction |
Ontology
ONT
|
-0.3009298 |
details, prediction |
Kambria
KAT
|
-0.30060402 |
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)