Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Fantom
FTM
|
0.90422314 |
details, prediction |
Decentraland
MANA
|
0.82256764 |
details, prediction |
Matic Network
MATIC
|
0.7957458 |
details, prediction |
Tezos
XTZ
|
0.77254766 |
details, prediction |
IOTA
IOT
|
0.7561464 |
details, prediction |
Second tier
|
Elastos
ELA
|
0.9110531 |
details, prediction |
Bitcoin Diamond
BCD
|
0.88116306 |
details, prediction |
Aragon
ANT
|
0.85444057 |
details, prediction |
Electroneum
ETN
|
0.8435217 |
details, prediction |
MonaCoin
MONA
|
0.80500257 |
details, prediction |
Third tier
|
MediShares
MDS
|
0.92543226 |
details, prediction |
UnlimitedIP
UIP
|
0.91429585 |
details, prediction |
FREE Coin
FREE
|
0.9106857 |
details, prediction |
Stratis
STRAT
|
0.90606403 |
details, prediction |
Skrumble Network
SKM
|
0.8955258 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that SmartCash 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 SmartCash
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
TRON
TRX
|
-0.46325248 |
details, prediction |
Monero
XMR
|
-0.17473483 |
details, prediction |
ZCash
ZEC
|
-0.009184643 |
details, prediction |
Waves
WAVES
|
0.026185596 |
details, prediction |
Ethereum Classic
ETC
|
0.23534861 |
details, prediction |
Second tier
|
EthLend
LEND
|
-0.6243917 |
details, prediction |
Dai
DAI
|
-0.6237836 |
details, prediction |
USD//Coin
USDC
|
-0.5525963 |
details, prediction |
True USD
TUSD
|
-0.47115475 |
details, prediction |
Paxos Standard
PAX
|
-0.3832326 |
details, prediction |
Third tier
|
Time New Bank
TNB
|
-0.8377983 |
details, prediction |
Crypviser
CVCOIN
|
-0.73870325 |
details, prediction |
Seele
SEELE
|
-0.7140454 |
details, prediction |
SunContract
SNC
|
-0.68669176 |
details, prediction |
Linker Coin
LNC
|
-0.6536661 |
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)