Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Litecoin
LTC
|
0.9314433 |
details, prediction |
Ethereum
ETH
|
0.859593 |
details, prediction |
KuCoin Shares
KCS
|
0.8504383 |
details, prediction |
XRP
XRP
|
0.82966983 |
details, prediction |
Cardano
ADA
|
0.8210658 |
details, prediction |
|
Second tier
|
Vechain
VET
|
0.9130984 |
details, prediction |
Nexo
NEXO
|
0.90610874 |
details, prediction |
Ravencoin
RVN
|
0.890539 |
details, prediction |
HoloToken
HOT
|
0.8884486 |
details, prediction |
Decentraland
MANA
|
0.879277 |
details, prediction |
|
Third tier
|
Civic
CVC
|
0.9549559 |
details, prediction |
Power Ledger
POWR
|
0.911892 |
details, prediction |
QuarkChain
QKC
|
0.9049344 |
details, prediction |
Lisk
LSK
|
0.90423125 |
details, prediction |
Hydro Protocol
HOT
|
0.90221125 |
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
|
Stellar
XLM
|
-0.5586954 |
details, prediction |
TRON
TRX
|
-0.2754018 |
details, prediction |
UNUS SED LEO
LEO
|
-0.17593911 |
details, prediction |
ZCash
ZEC
|
-0.123887464 |
details, prediction |
Binance Coin
BNB
|
0.0029129758 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.6535696 |
details, prediction |
OriginTrail
TRAC
|
-0.6060371 |
details, prediction |
USD//Coin
USDC
|
-0.5062029 |
details, prediction |
Telcoin
TEL
|
-0.43477458 |
details, prediction |
True USD
TUSD
|
-0.020522367 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
-0.5343926 |
details, prediction |
Dero
DERO
|
-0.104273215 |
details, prediction |
V Systems
VSYS
|
-0.100870356 |
details, prediction |
Komodo
KMD
|
-0.086947195 |
details, prediction |
HEROcoin
PLAY
|
-0.040241167 |
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)