Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum
ETH
|
0.8848463 |
details, prediction |
Cardano
ADA
|
0.8486969 |
details, prediction |
XRP
XRP
|
0.8367172 |
details, prediction |
SONM
SNM
|
0.82031596 |
details, prediction |
Bitcoin Cash
BCH
|
0.82014716 |
details, prediction |
|
Second tier
|
EthLend
LEND
|
0.91088766 |
details, prediction |
Status
SNT
|
0.9093759 |
details, prediction |
FirstBlood
1ST
|
0.88425565 |
details, prediction |
Ethos (Bitquence)
BQX
|
0.87447405 |
details, prediction |
aelf
ELF
|
0.8729205 |
details, prediction |
|
Third tier
|
Eternal token
XET
|
0.970297 |
details, prediction |
FNKOS
FNKOS
|
0.93925583 |
details, prediction |
Bluzelle
BLZ
|
0.9211349 |
details, prediction |
FunFair
FUN
|
0.9193554 |
details, prediction |
Augur
REP
|
0.90954727 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Sharechain 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 Sharechain
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
-0.39191324 |
details, prediction |
ChainLink
LINK
|
-0.310878 |
details, prediction |
Bitcoin
BTC
|
0.25902703 |
details, prediction |
Stellar
XLM
|
0.2894248 |
details, prediction |
Ethereum Classic
ETC
|
0.7349111 |
details, prediction |
|
Second tier
|
Vechain
VET
|
-0.6075941 |
details, prediction |
HoloToken
HOT
|
-0.48043022 |
details, prediction |
True USD
TUSD
|
-0.13054712 |
details, prediction |
Dai
DAI
|
-0.0076731574 |
details, prediction |
Horizen
ZEN
|
0.292152 |
details, prediction |
|
Third tier
|
Metaverse
ETP
|
-0.795629 |
details, prediction |
BHPCash
BHPC
|
-0.7886105 |
details, prediction |
Vitae
VITAE
|
-0.71210825 |
details, prediction |
NIX
NIX
|
-0.5119836 |
details, prediction |
Speed Mining Service
SMS
|
-0.42653927 |
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)