Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.778958 |
details, prediction |
Maker
MKR
|
0.7785583 |
details, prediction |
ZCash
ZEC
|
0.67947525 |
details, prediction |
Stellar
XLM
|
0.630115 |
details, prediction |
Bitcoin Cash
BCH
|
0.62307173 |
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 |
Bitcoin SV
BSV
|
0.6961749 |
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
|
Fantom
FTM
|
-0.019599425 |
details, prediction |
Matic Network
MATIC
|
0.11738849 |
details, prediction |
SONM
SNM
|
0.16708134 |
details, prediction |
UNUS SED LEO
LEO
|
0.17212118 |
details, prediction |
Crypto.com Chain
CRO
|
0.28496426 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.43984938 |
details, prediction |
True USD
TUSD
|
-0.4297249 |
details, prediction |
Dai
DAI
|
-0.29863656 |
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)