Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
IOTA
IOT
|
0.9171408 |
details, prediction |
Cardano
ADA
|
0.89525604 |
details, prediction |
EOS
EOS
|
0.79853505 |
details, prediction |
NEO
NEO
|
0.76135826 |
details, prediction |
Chiliz
CHZ
|
0.6548836 |
details, prediction |
Second tier
|
Dent
DENT
|
0.9020924 |
details, prediction |
Kyber Network
KNC
|
0.8773027 |
details, prediction |
Decentraland
MANA
|
0.81558293 |
details, prediction |
HoloToken
HOT
|
0.8055128 |
details, prediction |
DigiByte
DGB
|
0.7548754 |
details, prediction |
Third tier
|
Lympo
LYM
|
0.9201117 |
details, prediction |
Fusion
FSN
|
0.9184827 |
details, prediction |
TokenClub
TCT
|
0.9032305 |
details, prediction |
Metaverse
ETP
|
0.88168967 |
details, prediction |
Seele
SEELE
|
0.8703016 |
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
|
USD//Coin
USDC
|
-0.76347625 |
details, prediction |
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 |
Second tier
|
Huobi Token
HT
|
-0.8564005 |
details, prediction |
SwissBorg
CHSB
|
-0.8228775 |
details, prediction |
Status
SNT
|
-0.8115956 |
details, prediction |
ARK
ARK
|
-0.78059715 |
details, prediction |
Gas
GAS
|
-0.77441746 |
details, prediction |
Third tier
|
eosDAC
EOSDAC
|
-0.87228066 |
details, prediction |
Skrumble Network
SKM
|
-0.8484724 |
details, prediction |
Atlas Protocol
ATP
|
-0.8451679 |
details, prediction |
Aeternity
AE
|
-0.8249595 |
details, prediction |
Presearch
PRE
|
-0.82126987 |
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)