Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.9611355 |
details, prediction |
Bitcoin Cash
BCH
|
0.951584 |
details, prediction |
Cardano
ADA
|
0.9383847 |
details, prediction |
Litecoin
LTC
|
0.9346957 |
details, prediction |
Monero
XMR
|
0.925516 |
details, prediction |
|
Second tier
|
Siacoin
SC
|
0.98215395 |
details, prediction |
Waves
WAVES
|
0.98189527 |
details, prediction |
Basic Attention Token
BAT
|
0.9739339 |
details, prediction |
Theta Fuel
TFUEL
|
0.973627 |
details, prediction |
Decentraland
MANA
|
0.9716311 |
details, prediction |
|
Third tier
|
Internet of Services
IOST
|
0.98415047 |
details, prediction |
ICON
ICX
|
0.9788374 |
details, prediction |
Civic
CVC
|
0.9751759 |
details, prediction |
IoTeX
IOTX
|
0.97418046 |
details, prediction |
PIVX
PIVX
|
0.9731597 |
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
|
TRON
TRX
|
-0.72633797 |
details, prediction |
UNUS SED LEO
LEO
|
-0.019178076 |
details, prediction |
ZCash
ZEC
|
0.5282505 |
details, prediction |
Binance Coin
BNB
|
0.74465305 |
details, prediction |
ChainLink
LINK
|
0.81173116 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.306907 |
details, prediction |
Decred
DCR
|
-0.25578925 |
details, prediction |
True USD
TUSD
|
0.22966245 |
details, prediction |
Nexo
NEXO
|
0.2836861 |
details, prediction |
Verge
XVG
|
0.51404023 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.36995876 |
details, prediction |
OPEN Platform
OPEN
|
-0.1656093 |
details, prediction |
Kambria
KAT
|
-0.13773161 |
details, prediction |
Enjin Coin
ENJ
|
-0.075659946 |
details, prediction |
HEROcoin
PLAY
|
0.030913936 |
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)