Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Fantom
FTM
|
0.80101794 |
details, prediction |
SONM
SNM
|
0.7248071 |
details, prediction |
Matic Network
MATIC
|
0.3771255 |
details, prediction |
Maker
MKR
|
0.3475021 |
details, prediction |
UNUS SED LEO
LEO
|
0.13684364 |
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 |
USD//Coin
USDC
|
0.8023027 |
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
|
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 |
ZCash
ZEC
|
-0.5476148 |
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 |
Bitcoin SV
BSV
|
-0.6160083 |
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)