Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.8004301 |
details, prediction |
Monero
XMR
|
0.7837615 |
details, prediction |
ZCash
ZEC
|
0.7751103 |
details, prediction |
SONM
SNM
|
0.7745619 |
details, prediction |
Bitcoin
BTC
|
0.7726005 |
details, prediction |
|
Second tier
|
Horizen
ZEN
|
0.80250585 |
details, prediction |
Nexo
NEXO
|
0.7904888 |
details, prediction |
Bitcoin Gold
BTG
|
0.78613573 |
details, prediction |
DASH
DASH
|
0.7858728 |
details, prediction |
Metadium
META
|
0.78287536 |
details, prediction |
|
Third tier
|
Asia Coin
AC
|
0.89688236 |
details, prediction |
Tidex Token
TDX
|
0.878358 |
details, prediction |
SafeExchangeCoin
SAFEX
|
0.82098895 |
details, prediction |
Omni
OMNI
|
0.8099696 |
details, prediction |
Nework
NKC
|
0.8082675 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Tokenbox 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 Tokenbox
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.12772365 |
details, prediction |
ChainLink
LINK
|
0.3370001 |
details, prediction |
Maker
MKR
|
0.6394647 |
details, prediction |
Binance Coin
BNB
|
0.68546647 |
details, prediction |
Dogecoin
DOGE
|
0.68615156 |
details, prediction |
|
Second tier
|
Waves
WAVES
|
-0.3910231 |
details, prediction |
Paxos Standard
PAX
|
-0.108176984 |
details, prediction |
True USD
TUSD
|
-0.047674723 |
details, prediction |
USD//Coin
USDC
|
-0.016895484 |
details, prediction |
Dai
DAI
|
-5.773408E-4 |
details, prediction |
|
Third tier
|
Dreamscape
DSC
|
-0.585844 |
details, prediction |
Chainium
CHX
|
-0.5309768 |
details, prediction |
Envion
EVN
|
-0.52529347 |
details, prediction |
Unobtanium
UNO
|
-0.5071215 |
details, prediction |
Opacity
OPQ
|
-0.48403385 |
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)