Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
XRP
XRP
|
0.5997852 |
details, prediction |
IOTA
IOT
|
0.5562922 |
details, prediction |
Ethereum
ETH
|
0.4734608 |
details, prediction |
ChainLink
LINK
|
0.418621 |
details, prediction |
UNUS SED LEO
LEO
|
0.40003237 |
details, prediction |
Second tier
|
Ravencoin
RVN
|
0.65871835 |
details, prediction |
0x
ZRX
|
0.5480797 |
details, prediction |
Aragon
ANT
|
0.5434237 |
details, prediction |
DigiByte
DGB
|
0.54165477 |
details, prediction |
IoTeX
IOTX
|
0.5176921 |
details, prediction |
Third tier
|
Xriba
XRA
|
0.8210689 |
details, prediction |
Cajutel
CAJ
|
0.76515335 |
details, prediction |
Kambria
KAT
|
0.71136093 |
details, prediction |
NKN
NKN
|
0.7005565 |
details, prediction |
Dentacoin
DCN
|
0.6983928 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Swarm City Token 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 Swarm City Token
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Tezos
XTZ
|
-0.5946494 |
details, prediction |
Cosmos
ATOM
|
-0.4615926 |
details, prediction |
Vechain
VET
|
-0.452411 |
details, prediction |
NEO
NEO
|
-0.26465443 |
details, prediction |
Chiliz
CHZ
|
-0.17319351 |
details, prediction |
Second tier
|
Horizen
ZEN
|
-0.5694398 |
details, prediction |
Ocean Protocol
OCEAN
|
-0.5183867 |
details, prediction |
FTX Token
FTT
|
-0.5094434 |
details, prediction |
Enjin Coin
ENJ
|
-0.47541633 |
details, prediction |
HedgeTrade
HEDG
|
-0.46722975 |
details, prediction |
Third tier
|
Pascal Coin
PASC
|
-0.6654886 |
details, prediction |
LAToken
LA
|
-0.56292593 |
details, prediction |
BABB
BAX
|
-0.55687904 |
details, prediction |
Cryptonex
CNX
|
-0.5559062 |
details, prediction |
Blockport
BPT
|
-0.55550236 |
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)