Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.8654965 |
details, prediction |
Litecoin
LTC
|
0.8650898 |
details, prediction |
Ethereum
ETH
|
0.85204744 |
details, prediction |
Bitcoin Cash
BCH
|
0.82057804 |
details, prediction |
XRP
XRP
|
0.73246723 |
details, prediction |
|
Second tier
|
Vechain
VET
|
0.8971339 |
details, prediction |
Status
SNT
|
0.890539 |
details, prediction |
HoloToken
HOT
|
0.88475794 |
details, prediction |
Nexo
NEXO
|
0.86866075 |
details, prediction |
Decentraland
MANA
|
0.830411 |
details, prediction |
|
Third tier
|
LAToken
LA
|
0.9283371 |
details, prediction |
Hydro Protocol
HOT
|
0.89166343 |
details, prediction |
Lisk
LSK
|
0.8776697 |
details, prediction |
Civic
CVC
|
0.8652255 |
details, prediction |
Metal
MTL
|
0.85534877 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Ravencoin 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 Ravencoin
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.44255927 |
details, prediction |
TRON
TRX
|
-0.25403908 |
details, prediction |
ZCash
ZEC
|
-0.21328607 |
details, prediction |
Binance Coin
BNB
|
-0.1256214 |
details, prediction |
UNUS SED LEO
LEO
|
0.06005416 |
details, prediction |
|
Second tier
|
OriginTrail
TRAC
|
-0.67530966 |
details, prediction |
Dai
DAI
|
-0.60284656 |
details, prediction |
Telcoin
TEL
|
-0.6012073 |
details, prediction |
USD//Coin
USDC
|
-0.37292412 |
details, prediction |
Cosmos
ATOM
|
-0.011542661 |
details, prediction |
|
Third tier
|
Komodo
KMD
|
-0.46874374 |
details, prediction |
FunFair
FUN
|
-0.44325572 |
details, prediction |
Loopring
LRC
|
-0.38907546 |
details, prediction |
Constellation
DAG
|
-0.19064626 |
details, prediction |
V Systems
VSYS
|
-0.17368037 |
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)