Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Bitcoin SV
BSV
|
0.3202832 |
details, prediction |
XRP
XRP
|
0.21622625 |
details, prediction |
IOTA
IOT
|
0.18499473 |
details, prediction |
Stellar
XLM
|
0.15369758 |
details, prediction |
USD//Coin
USDC
|
0.13566297 |
details, prediction |
Second tier
|
Dent
DENT
|
0.42130145 |
details, prediction |
Dai
DAI
|
0.367286 |
details, prediction |
Zilliqa
ZIL
|
0.32324356 |
details, prediction |
Polymath Network
POLY
|
0.31213164 |
details, prediction |
MonaCoin
MONA
|
0.24642651 |
details, prediction |
Third tier
|
MassGrid
MGD
|
0.83948296 |
details, prediction |
Pura
PURA
|
0.79537565 |
details, prediction |
Credit Tag Chain
CTC
|
0.7404385 |
details, prediction |
Bulwark
BWK
|
0.7126294 |
details, prediction |
Molecule
MOL
|
0.6830727 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Social 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 Social
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Theta
THETA
|
-0.38398597 |
details, prediction |
Binance Coin
BNB
|
-0.35363856 |
details, prediction |
Litecoin
LTC
|
-0.312203 |
details, prediction |
EOS
EOS
|
-0.22530012 |
details, prediction |
Monero
XMR
|
-0.21454279 |
details, prediction |
Second tier
|
HoloToken
HOT
|
-0.4740206 |
details, prediction |
Quant Network
QNT
|
-0.3833514 |
details, prediction |
iEx.ec
RLC
|
-0.32528 |
details, prediction |
Metadium
META
|
-0.29318944 |
details, prediction |
Enjin Coin
ENJ
|
-0.28815904 |
details, prediction |
Third tier
|
Ecoreal Estate
ECOREAL
|
-0.54510045 |
details, prediction |
VIN chain
VIN
|
-0.5121789 |
details, prediction |
Blockport
BPT
|
-0.42210457 |
details, prediction |
ShortyCoin
SHORTY
|
-0.418677 |
details, prediction |
BaaSid
BAAS
|
-0.39747128 |
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)