Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.7952057 |
details, prediction |
Ethereum Classic
ETC
|
0.7733139 |
details, prediction |
Dogecoin
DOGE
|
0.6166434 |
details, prediction |
KuCoin Shares
KCS
|
0.56663805 |
details, prediction |
Bitcoin Cash
BCH
|
0.4905215 |
details, prediction |
|
Second tier
|
Basic Attention Token
BAT
|
0.90381455 |
details, prediction |
Zilliqa
ZIL
|
0.8818513 |
details, prediction |
Crypto.com Chain
CRO
|
0.8607725 |
details, prediction |
Bitcoin Gold
BTG
|
0.85914433 |
details, prediction |
Tezos
XTZ
|
0.8577517 |
details, prediction |
|
Third tier
|
Civic
CVC
|
0.8941975 |
details, prediction |
PIVX
PIVX
|
0.8837814 |
details, prediction |
Power Ledger
POWR
|
0.8801174 |
details, prediction |
ARK
ARK
|
0.8716121 |
details, prediction |
Internet of Services
IOST
|
0.84741163 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Status 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 Status
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Monero
XMR
|
-0.36260194 |
details, prediction |
ChainLink
LINK
|
-0.2357106 |
details, prediction |
Ethereum
ETH
|
-0.20081832 |
details, prediction |
ZCash
ZEC
|
-0.08108644 |
details, prediction |
Binance Coin
BNB
|
0.052880462 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.7732836 |
details, prediction |
DigiByte
DGB
|
-0.536183 |
details, prediction |
Bitcoin SV
BSV
|
-0.26858678 |
details, prediction |
Decred
DCR
|
-0.072945684 |
details, prediction |
HoloToken
HOT
|
0.1263638 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.436807 |
details, prediction |
NKN
NKN
|
-0.32293364 |
details, prediction |
AdEx
ADX
|
-0.11643928 |
details, prediction |
Propy
PRO
|
-0.07332242 |
details, prediction |
Dent
DENT
|
0.062086616 |
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)