Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Ethereum Classic
ETC
|
0.778958 |
details, prediction |
Maker
MKR
|
0.7785583 |
details, prediction |
Bitcoin SV
BSV
|
0.6961749 |
details, prediction |
Vechain
VET
|
0.64197844 |
details, prediction |
EOS
EOS
|
0.6343594 |
details, prediction |
Second tier
|
HedgeTrade
HEDG
|
0.90473455 |
details, prediction |
Decred
DCR
|
0.78647923 |
details, prediction |
Verge
XVG
|
0.7216347 |
details, prediction |
Nexo
NEXO
|
0.6980242 |
details, prediction |
Kyber Network
KNC
|
0.69437647 |
details, prediction |
Third tier
|
Game
GTC
|
0.812962 |
details, prediction |
Bitcoin Diamond
BCD
|
0.7785091 |
details, prediction |
Switcheo Network
SWH
|
0.73964036 |
details, prediction |
Global Social Chain
GSC
|
0.737607 |
details, prediction |
Bitshares
BTS
|
0.7345416 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Rate3 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 Rate3
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
USD//Coin
USDC
|
-0.43984938 |
details, prediction |
Cosmos
ATOM
|
-0.035688117 |
details, prediction |
Fantom
FTM
|
-0.019599425 |
details, prediction |
Tezos
XTZ
|
0.07349897 |
details, prediction |
Matic Network
MATIC
|
0.11738849 |
details, prediction |
Second tier
|
True USD
TUSD
|
-0.4297249 |
details, prediction |
Dai
DAI
|
-0.29863656 |
details, prediction |
Propy
PRO
|
-0.26923466 |
details, prediction |
XYO Network
XYO
|
-0.14231332 |
details, prediction |
Algorand
ALGO
|
-0.13598122 |
details, prediction |
Third tier
|
DigiCube
CUBE
|
-0.413711 |
details, prediction |
Gemini Dollar
GUSD
|
-0.35485932 |
details, prediction |
HEROcoin
PLAY
|
-0.3538864 |
details, prediction |
The Hempcoin
THC
|
-0.35383204 |
details, prediction |
PayPie
PPP
|
-0.33473074 |
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)