Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.89525604 |
details, prediction |
Ethereum Classic
ETC
|
0.5705333 |
details, prediction |
ChainLink
LINK
|
0.41592425 |
details, prediction |
Stellar
XLM
|
0.41500232 |
details, prediction |
XRP
XRP
|
0.070722505 |
details, prediction |
|
Second tier
|
IOTA
IOT
|
0.9171408 |
details, prediction |
Decentraland
MANA
|
0.81558293 |
details, prediction |
HoloToken
HOT
|
0.8055128 |
details, prediction |
EOS
EOS
|
0.79853505 |
details, prediction |
NEO
NEO
|
0.76135826 |
details, prediction |
|
Third tier
|
Lympo
LYM
|
0.9201117 |
details, prediction |
Fusion
FSN
|
0.9184827 |
details, prediction |
Dent
DENT
|
0.9020924 |
details, prediction |
Metaverse
ETP
|
0.88168967 |
details, prediction |
Kyber Network
KNC
|
0.8773027 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that All Sports 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 All Sports
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Matic Network
MATIC
|
-0.74918514 |
details, prediction |
SONM
SNM
|
-0.6879493 |
details, prediction |
Maker
MKR
|
-0.5931306 |
details, prediction |
Litecoin
LTC
|
-0.5515476 |
details, prediction |
Ethereum
ETH
|
-0.5326901 |
details, prediction |
|
Second tier
|
Huobi Token
HT
|
-0.8564005 |
details, prediction |
SwissBorg
CHSB
|
-0.8228775 |
details, prediction |
Status
SNT
|
-0.8115956 |
details, prediction |
OriginTrail
TRAC
|
-0.766061 |
details, prediction |
USD//Coin
USDC
|
-0.76347625 |
details, prediction |
|
Third tier
|
Aeternity
AE
|
-0.8249595 |
details, prediction |
Presearch
PRE
|
-0.82126987 |
details, prediction |
Numerai
NMR
|
-0.80091035 |
details, prediction |
Quantum Resistant Ledger
QRL
|
-0.79385996 |
details, prediction |
Dero
DERO
|
-0.79385847 |
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)