Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
IOTA
IOT
|
0.7839092 |
details, prediction |
UNUS SED LEO
LEO
|
0.7347826 |
details, prediction |
Ethereum
ETH
|
0.671878 |
details, prediction |
XRP
XRP
|
0.6207639 |
details, prediction |
Litecoin
LTC
|
0.60621625 |
details, prediction |
Second tier
|
Ethos (Bitquence)
BQX
|
0.7767543 |
details, prediction |
DASH
DASH
|
0.7532605 |
details, prediction |
Propy
PRO
|
0.7439546 |
details, prediction |
Loopring
LRC
|
0.73122704 |
details, prediction |
Telcoin
TEL
|
0.7232206 |
details, prediction |
Third tier
|
Winchain
WIN
|
0.94173926 |
details, prediction |
DAPS Token
DAPS
|
0.9027782 |
details, prediction |
Dynamic Trading Rights
DTR
|
0.88150704 |
details, prediction |
CommerceBlock
CBT
|
0.8258633 |
details, prediction |
FlorinCoin
FLO
|
0.79642344 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Sentinel Chain 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 Sentinel Chain
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Vechain
VET
|
-0.91289914 |
details, prediction |
Tezos
XTZ
|
-0.86448145 |
details, prediction |
Cosmos
ATOM
|
-0.8187604 |
details, prediction |
Matic Network
MATIC
|
-0.7166825 |
details, prediction |
Chiliz
CHZ
|
-0.69481874 |
details, prediction |
Second tier
|
Synthetix Network Token
SNX
|
-0.9003901 |
details, prediction |
Horizen
ZEN
|
-0.8832365 |
details, prediction |
FTX Token
FTT
|
-0.86626107 |
details, prediction |
iEx.ec
RLC
|
-0.8116727 |
details, prediction |
EthLend
LEND
|
-0.80637246 |
details, prediction |
Third tier
|
Seele
SEELE
|
-0.9313109 |
details, prediction |
Blockport
BPT
|
-0.9152602 |
details, prediction |
BABB
BAX
|
-0.9015345 |
details, prediction |
Polis
POLIS
|
-0.89620996 |
details, prediction |
LAToken
LA
|
-0.8658533 |
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)