Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.65594697 |
details, prediction |
Ethereum Classic
ETC
|
0.5428552 |
details, prediction |
ChainLink
LINK
|
0.54206556 |
details, prediction |
Litecoin
LTC
|
0.53684014 |
details, prediction |
XRP
XRP
|
0.52649903 |
details, prediction |
|
Second tier
|
Basic Attention Token
BAT
|
0.82896787 |
details, prediction |
Decentraland
MANA
|
0.8175006 |
details, prediction |
Zilliqa
ZIL
|
0.7995617 |
details, prediction |
Vechain
VET
|
0.7320105 |
details, prediction |
iEx.ec
RLC
|
0.7157911 |
details, prediction |
|
Third tier
|
Civic
CVC
|
0.84390205 |
details, prediction |
LAToken
LA
|
0.7912546 |
details, prediction |
Power Ledger
POWR
|
0.77758193 |
details, prediction |
ICON
ICX
|
0.75351316 |
details, prediction |
Internet of Services
IOST
|
0.7455056 |
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
|
UNUS SED LEO
LEO
|
-0.5649003 |
details, prediction |
TRON
TRX
|
-0.07361506 |
details, prediction |
Stellar
XLM
|
0.013911142 |
details, prediction |
Crypto.com Chain
CRO
|
0.11390749 |
details, prediction |
Ethereum
ETH
|
0.313498 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.50310934 |
details, prediction |
USD//Coin
USDC
|
-0.3510418 |
details, prediction |
Telcoin
TEL
|
-0.29706585 |
details, prediction |
Bitcoin Gold
BTG
|
-0.2704157 |
details, prediction |
Decred
DCR
|
-0.17415026 |
details, prediction |
|
Third tier
|
Constellation
DAG
|
-0.47423017 |
details, prediction |
BABB
BAX
|
-0.3772037 |
details, prediction |
FunFair
FUN
|
-0.25718838 |
details, prediction |
NKN
NKN
|
-0.24348581 |
details, prediction |
Wanchain
WAN
|
-0.21769555 |
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)