Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.9104626 |
details, prediction |
Litecoin
LTC
|
0.90596086 |
details, prediction |
Cardano
ADA
|
0.89894646 |
details, prediction |
KuCoin Shares
KCS
|
0.89519274 |
details, prediction |
ChainLink
LINK
|
0.88373446 |
details, prediction |
|
Second tier
|
NEO
NEO
|
0.9561306 |
details, prediction |
Decentraland
MANA
|
0.9356987 |
details, prediction |
Bitcoin SV
BSV
|
0.92452955 |
details, prediction |
Status
SNT
|
0.92175585 |
details, prediction |
Vechain
VET
|
0.9161237 |
details, prediction |
|
Third tier
|
Power Ledger
POWR
|
0.9362307 |
details, prediction |
Internet of Services
IOST
|
0.93298954 |
details, prediction |
Gas
GAS
|
0.9245923 |
details, prediction |
LAToken
LA
|
0.9087717 |
details, prediction |
Civic
CVC
|
0.90870816 |
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
|
Stellar
XLM
|
-0.59475046 |
details, prediction |
UNUS SED LEO
LEO
|
-0.09033072 |
details, prediction |
ZCash
ZEC
|
-0.02212369 |
details, prediction |
TRON
TRX
|
-0.015754143 |
details, prediction |
Binance Coin
BNB
|
0.38573715 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.5816691 |
details, prediction |
USD//Coin
USDC
|
-0.56698686 |
details, prediction |
OriginTrail
TRAC
|
-0.42921883 |
details, prediction |
True USD
TUSD
|
-0.2612369 |
details, prediction |
Telcoin
TEL
|
-0.15800428 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.28266957 |
details, prediction |
Chronobank
TIME
|
-0.19306463 |
details, prediction |
FunFair
FUN
|
-0.13539451 |
details, prediction |
Komodo
KMD
|
0.126427 |
details, prediction |
V Systems
VSYS
|
0.16418046 |
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)