Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
UNUS SED LEO
LEO
|
0.72893894 |
details, prediction |
Matic Network
MATIC
|
0.6176854 |
details, prediction |
SONM
SNM
|
0.39723137 |
details, prediction |
Stellar
XLM
|
0.29651383 |
details, prediction |
Tezos
XTZ
|
0.28718698 |
details, prediction |
Second tier
|
iEx.ec
RLC
|
0.5378878 |
details, prediction |
SysCoin
SYS
|
0.5035181 |
details, prediction |
Theta Fuel
TFUEL
|
0.49521503 |
details, prediction |
Enjin Coin
ENJ
|
0.49407193 |
details, prediction |
Waves
WAVES
|
0.48469272 |
details, prediction |
Third tier
|
Credit Tag Chain
CTC
|
0.74107873 |
details, prediction |
SyncFab
MFG
|
0.7001503 |
details, prediction |
Tycoon Global
TCT
|
0.6072563 |
details, prediction |
Ubiq
UBQ
|
0.5529 |
details, prediction |
Presearch
PRE
|
0.54958963 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Sequence 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 Sequence
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Crypto.com Chain
CRO
|
-0.7158329 |
details, prediction |
KuCoin Shares
KCS
|
-0.35209876 |
details, prediction |
ChainLink
LINK
|
-0.33925626 |
details, prediction |
Bitcoin
BTC
|
-0.3287435 |
details, prediction |
NEO
NEO
|
-0.29891422 |
details, prediction |
Second tier
|
Quant Network
QNT
|
-0.6007121 |
details, prediction |
Republic protocol
REN
|
-0.4752104 |
details, prediction |
MonaCoin
MONA
|
-0.3554227 |
details, prediction |
Nexo
NEXO
|
-0.3524208 |
details, prediction |
Metal
MTL
|
-0.32776597 |
details, prediction |
Third tier
|
Smartlands
SLT
|
-0.7849744 |
details, prediction |
PetroDollar
XPD
|
-0.68151414 |
details, prediction |
NEXT
NET
|
-0.6386641 |
details, prediction |
Tidex Token
TDX
|
-0.6342881 |
details, prediction |
Crypterium
CRPT
|
-0.6183566 |
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)