Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.83441037 |
details, prediction |
Maker
MKR
|
0.81895906 |
details, prediction |
Ethereum
ETH
|
0.8166073 |
details, prediction |
ZCash
ZEC
|
0.8155925 |
details, prediction |
Bitcoin Cash
BCH
|
0.79561186 |
details, prediction |
|
Second tier
|
GXShares
GXS
|
0.8057704 |
details, prediction |
aelf
ELF
|
0.79732955 |
details, prediction |
Polymath Network
POLY
|
0.78954893 |
details, prediction |
Digix DAO
DGD
|
0.78399134 |
details, prediction |
Status
SNT
|
0.7814798 |
details, prediction |
|
Third tier
|
Pillar
PLR
|
0.8879731 |
details, prediction |
Ternio
TERN
|
0.87109226 |
details, prediction |
TTC Protocol
TTC
|
0.8660886 |
details, prediction |
Particl
PART
|
0.83108217 |
details, prediction |
FNKOS
FNKOS
|
0.8305199 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that StartCoin 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 StartCoin
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
-0.33527774 |
details, prediction |
ChainLink
LINK
|
-0.28795552 |
details, prediction |
Bitcoin
BTC
|
0.41770497 |
details, prediction |
Stellar
XLM
|
0.51892585 |
details, prediction |
Monero
XMR
|
0.6629002 |
details, prediction |
|
Second tier
|
HoloToken
HOT
|
-0.3328378 |
details, prediction |
Vechain
VET
|
-0.32372418 |
details, prediction |
True USD
TUSD
|
-0.14753592 |
details, prediction |
Dai
DAI
|
-0.035469435 |
details, prediction |
Nano
NANO
|
0.23551238 |
details, prediction |
|
Third tier
|
Vitae
VITAE
|
-0.7898963 |
details, prediction |
Metaverse
ETP
|
-0.6180485 |
details, prediction |
BHPCash
BHPC
|
-0.43630823 |
details, prediction |
Speed Mining Service
SMS
|
-0.42640913 |
details, prediction |
NIX
NIX
|
-0.2798606 |
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)