Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Monero
XMR
|
0.7997705 |
details, prediction |
Ethereum Classic
ETC
|
0.775681 |
details, prediction |
ZCash
ZEC
|
0.74401337 |
details, prediction |
Litecoin
LTC
|
0.7229448 |
details, prediction |
Cardano
ADA
|
0.7145477 |
details, prediction |
|
Second tier
|
BORA
BORA
|
0.7747141 |
details, prediction |
Bitcoin Gold
BTG
|
0.7586737 |
details, prediction |
SwissBorg
CHSB
|
0.7506691 |
details, prediction |
Quant Network
QNT
|
0.73559463 |
details, prediction |
Power Ledger
POWR
|
0.70726043 |
details, prediction |
|
Third tier
|
AeonCoin
AEON
|
0.9082793 |
details, prediction |
WAX
WAX
|
0.8631428 |
details, prediction |
Experience Points
XP
|
0.8423751 |
details, prediction |
SolarCoin
SLR
|
0.8225453 |
details, prediction |
ZelCash
ZEL
|
0.80399543 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Shift 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 Shift
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Matic Network
MATIC
|
-0.20080113 |
details, prediction |
ChainLink
LINK
|
-0.029584344 |
details, prediction |
SONM
SNM
|
0.1717994 |
details, prediction |
TRON
TRX
|
0.35045275 |
details, prediction |
Maker
MKR
|
0.36762595 |
details, prediction |
|
Second tier
|
FTX Token
FTT
|
-0.4446381 |
details, prediction |
Digix DAO
DGD
|
-0.37267676 |
details, prediction |
HedgeTrade
HEDG
|
-0.35471365 |
details, prediction |
Synthetix Network Token
SNX
|
-0.26889074 |
details, prediction |
Tezos
XTZ
|
-0.2638796 |
details, prediction |
|
Third tier
|
Ecoreal Estate
ECOREAL
|
-0.585111 |
details, prediction |
WeShow Token
WET
|
-0.47827363 |
details, prediction |
Colu Local Network
CLN
|
-0.43166998 |
details, prediction |
Nexty
NTY
|
-0.42783242 |
details, prediction |
Blockport
BPT
|
-0.42734835 |
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)