Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
USD//Coin
USDC
|
0.8023027 |
details, prediction |
Fantom
FTM
|
0.80101794 |
details, prediction |
SONM
SNM
|
0.7248071 |
details, prediction |
Chiliz
CHZ
|
0.40887484 |
details, prediction |
Vechain
VET
|
0.38524762 |
details, prediction |
Second tier
|
FirstBlood
1ST
|
0.879676 |
details, prediction |
Quant Network
QNT
|
0.8231358 |
details, prediction |
Synthetix Network Token
SNX
|
0.81594497 |
details, prediction |
Paxos Standard
PAX
|
0.8048361 |
details, prediction |
XYO Network
XYO
|
0.7991801 |
details, prediction |
Third tier
|
Ternio
TERN
|
0.9023347 |
details, prediction |
Platincoin
PLC
|
0.89442647 |
details, prediction |
Matrix AI Network
MAN
|
0.88233256 |
details, prediction |
THEKEY
TKY
|
0.87781614 |
details, prediction |
CPChain
CPC
|
0.8714507 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Sharder 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 Sharder
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Bitcoin SV
BSV
|
-0.6160083 |
details, prediction |
Ethereum Classic
ETC
|
-0.58861524 |
details, prediction |
Crypto.com Chain
CRO
|
-0.585763 |
details, prediction |
Bitcoin
BTC
|
-0.5770256 |
details, prediction |
Bitcoin Cash
BCH
|
-0.57365906 |
details, prediction |
Second tier
|
HedgeTrade
HEDG
|
-0.7974657 |
details, prediction |
FTX Token
FTT
|
-0.7813903 |
details, prediction |
Horizen
ZEN
|
-0.71330434 |
details, prediction |
SwissBorg
CHSB
|
-0.66165835 |
details, prediction |
Digix DAO
DGD
|
-0.5990915 |
details, prediction |
Third tier
|
Ecoreal Estate
ECOREAL
|
-0.84662014 |
details, prediction |
Cryptonex
CNX
|
-0.74451596 |
details, prediction |
Lamden Tau
TAU
|
-0.7343779 |
details, prediction |
Peculium
PCL
|
-0.70106566 |
details, prediction |
Switcheo Network
SWH
|
-0.69944143 |
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)