Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
USD//Coin
USDC
|
0.8764552 |
details, prediction |
SONM
SNM
|
0.82053024 |
details, prediction |
Fantom
FTM
|
0.7412158 |
details, prediction |
Chiliz
CHZ
|
0.64793587 |
details, prediction |
Maker
MKR
|
0.61911005 |
details, prediction |
|
Second tier
|
Quant Network
QNT
|
0.93358284 |
details, prediction |
XYO Network
XYO
|
0.8940779 |
details, prediction |
Paxos Standard
PAX
|
0.8842605 |
details, prediction |
FirstBlood
1ST
|
0.88190657 |
details, prediction |
HoloToken
HOT
|
0.8686928 |
details, prediction |
|
Third tier
|
Wowbit
WWB
|
0.9538865 |
details, prediction |
Matrix AI Network
MAN
|
0.9430208 |
details, prediction |
GAPS
GAP
|
0.9321402 |
details, prediction |
VestChain
VEST
|
0.9247552 |
details, prediction |
Darico
DEC
|
0.9174897 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that SPINDLE 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 SPINDLE
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cosmos
ATOM
|
-0.44045493 |
details, prediction |
Ethereum Classic
ETC
|
-0.3955029 |
details, prediction |
Bitcoin SV
BSV
|
-0.38718393 |
details, prediction |
Crypto.com Chain
CRO
|
-0.37228617 |
details, prediction |
Bitcoin Cash
BCH
|
-0.357519 |
details, prediction |
|
Second tier
|
FTX Token
FTT
|
-0.6938436 |
details, prediction |
HedgeTrade
HEDG
|
-0.69062203 |
details, prediction |
Horizen
ZEN
|
-0.5128038 |
details, prediction |
SwissBorg
CHSB
|
-0.4874894 |
details, prediction |
Ocean Protocol
OCEAN
|
-0.38632578 |
details, prediction |
|
Third tier
|
Ecoreal Estate
ECOREAL
|
-0.72787744 |
details, prediction |
Ionomy
ION
|
-0.70084894 |
details, prediction |
Cryptonex
CNX
|
-0.6692104 |
details, prediction |
LBRY Credits
LBC
|
-0.641817 |
details, prediction |
Switcheo Network
SWH
|
-0.6127797 |
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)