Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Crypto.com Chain
CRO
|
0.7992233 |
details, prediction |
Bitcoin Cash
BCH
|
0.798377 |
details, prediction |
Bitcoin
BTC
|
0.7957993 |
details, prediction |
KuCoin Shares
KCS
|
0.78529173 |
details, prediction |
Dogecoin
DOGE
|
0.78429604 |
details, prediction |
Second tier
|
Huobi Token
HT
|
0.85971737 |
details, prediction |
Status
SNT
|
0.85034823 |
details, prediction |
ARK
ARK
|
0.84149367 |
details, prediction |
SwissBorg
CHSB
|
0.8166668 |
details, prediction |
Nexo
NEXO
|
0.8153049 |
details, prediction |
Third tier
|
V Systems
VSYS
|
0.8810856 |
details, prediction |
HEROcoin
PLAY
|
0.87952745 |
details, prediction |
Yoyow
YOYOW
|
0.872102 |
details, prediction |
Abyss
ABYSS
|
0.8600128 |
details, prediction |
Linker Coin
LNC
|
0.8592421 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Substratum Network 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 Substratum Network
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Bitcoin SV
BSV
|
-0.17492928 |
details, prediction |
UNUS SED LEO
LEO
|
-0.15194277 |
details, prediction |
Ethereum Classic
ETC
|
-0.08643482 |
details, prediction |
Matic Network
MATIC
|
0.0023161196 |
details, prediction |
Theta
THETA
|
0.22204067 |
details, prediction |
Second tier
|
Storj
STORJ
|
-0.21607953 |
details, prediction |
Metadium
META
|
-0.15297689 |
details, prediction |
Quant Network
QNT
|
-0.085181996 |
details, prediction |
Synthetix Network Token
SNX
|
-0.03430869 |
details, prediction |
EthLend
LEND
|
0.035486933 |
details, prediction |
Third tier
|
Seele
SEELE
|
-0.6660416 |
details, prediction |
Gemini Dollar
GUSD
|
-0.59644973 |
details, prediction |
SwftCoin
SWFTC
|
-0.48658767 |
details, prediction |
ReddCoin
RDD
|
-0.47517076 |
details, prediction |
Lamden Tau
TAU
|
-0.43794233 |
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)