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 |
Bitcoin Cash
BCH
|
0.79561186 |
details, prediction |
KuCoin Shares
KCS
|
0.754338 |
details, prediction |
Second tier
|
ZCash
ZEC
|
0.8155925 |
details, prediction |
GXShares
GXS
|
0.8057704 |
details, prediction |
aelf
ELF
|
0.79732955 |
details, prediction |
Polymath Network
POLY
|
0.78954893 |
details, prediction |
Storj
STORJ
|
0.7884909 |
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 |
Vechain
VET
|
-0.32372418 |
details, prediction |
ChainLink
LINK
|
-0.28795552 |
details, prediction |
Bitcoin
BTC
|
0.41770497 |
details, prediction |
Stellar
XLM
|
0.51892585 |
details, prediction |
Second tier
|
HoloToken
HOT
|
-0.3328378 |
details, prediction |
True USD
TUSD
|
-0.14753592 |
details, prediction |
Dai
DAI
|
-0.035469435 |
details, prediction |
Nano
NANO
|
0.23551238 |
details, prediction |
Ravencoin
RVN
|
0.34317857 |
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)