Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Bitcoin SV
BSV
|
0.50604004 |
details, prediction |
UNUS SED LEO
LEO
|
0.43646735 |
details, prediction |
TRON
TRX
|
0.35224813 |
details, prediction |
Tezos
XTZ
|
0.34968406 |
details, prediction |
Vechain
VET
|
0.32431552 |
details, prediction |
Second tier
|
FTX Token
FTT
|
0.53354686 |
details, prediction |
Metal
MTL
|
0.46790478 |
details, prediction |
0x
ZRX
|
0.46782404 |
details, prediction |
IoTeX
IOTX
|
0.43829033 |
details, prediction |
Zilliqa
ZIL
|
0.41618967 |
details, prediction |
Third tier
|
Kambria
KAT
|
0.9495449 |
details, prediction |
HEROcoin
PLAY
|
0.6963371 |
details, prediction |
VertCoin
VTC
|
0.68236053 |
details, prediction |
Platincoin
PLC
|
0.59999573 |
details, prediction |
Kcash
KCASH
|
0.5482196 |
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
|
Dogecoin
DOGE
|
-0.4735286 |
details, prediction |
ChainLink
LINK
|
-0.3583997 |
details, prediction |
KuCoin Shares
KCS
|
-0.3198996 |
details, prediction |
Cosmos
ATOM
|
-0.2563126 |
details, prediction |
Binance Coin
BNB
|
-0.25385237 |
details, prediction |
Second tier
|
Ocean Protocol
OCEAN
|
-0.7734031 |
details, prediction |
Digix DAO
DGD
|
-0.39053002 |
details, prediction |
Algorand
ALGO
|
-0.3904865 |
details, prediction |
Telcoin
TEL
|
-0.3548379 |
details, prediction |
SwissBorg
CHSB
|
-0.3421647 |
details, prediction |
Third tier
|
BitcoinZ
BTCZ
|
-0.86583364 |
details, prediction |
Gemini Dollar
GUSD
|
-0.58856016 |
details, prediction |
Red Pulse Phoenix
PHX
|
-0.51971114 |
details, prediction |
Cryptonex
CNX
|
-0.49373302 |
details, prediction |
Rotharium
RTH
|
-0.48709762 |
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)