Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Cosmos
ATOM
|
0.76072365 |
details, prediction |
SONM
SNM
|
0.736416 |
details, prediction |
Maker
MKR
|
0.73263985 |
details, prediction |
Fantom
FTM
|
0.70980304 |
details, prediction |
Vechain
VET
|
0.6912356 |
details, prediction |
Second tier
|
HedgeTrade
HEDG
|
0.7702686 |
details, prediction |
Horizen
ZEN
|
0.7676697 |
details, prediction |
HoloToken
HOT
|
0.7590532 |
details, prediction |
FirstBlood
1ST
|
0.75213945 |
details, prediction |
Propy
PRO
|
0.7221827 |
details, prediction |
Third tier
|
DubaiCoin
DBIX
|
0.89127356 |
details, prediction |
Electroneum
ETN
|
0.8410101 |
details, prediction |
Hydro
HYDRO
|
0.8408605 |
details, prediction |
NEXT
NET
|
0.82904094 |
details, prediction |
StakeNet
XSN
|
0.8267373 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Consensus 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 Consensus
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
UNUS SED LEO
LEO
|
-0.63141865 |
details, prediction |
USD//Coin
USDC
|
0.11143108 |
details, prediction |
Crypto.com Chain
CRO
|
0.31923476 |
details, prediction |
ChainLink
LINK
|
0.4257306 |
details, prediction |
Bitcoin SV
BSV
|
0.47546312 |
details, prediction |
Second tier
|
Metadium
META
|
-0.3808081 |
details, prediction |
BORA
BORA
|
-0.35342026 |
details, prediction |
Status
SNT
|
-0.24173403 |
details, prediction |
AMO Coin
AMO
|
-0.21898597 |
details, prediction |
Quant Network
QNT
|
-0.16922168 |
details, prediction |
Third tier
|
Streamr DATAcoin
DATA
|
-0.7440162 |
details, prediction |
Numerai
NMR
|
-0.65816593 |
details, prediction |
Phore
PHR
|
-0.6508169 |
details, prediction |
uDoo
UDOO
|
-0.61236584 |
details, prediction |
Curecoin
CURE
|
-0.6079918 |
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)