Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.8626242 |
details, prediction |
Ethereum Classic
ETC
|
0.853928 |
details, prediction |
XRP
XRP
|
0.7950299 |
details, prediction |
KuCoin Shares
KCS
|
0.74548304 |
details, prediction |
Bitcoin Cash
BCH
|
0.65677464 |
details, prediction |
|
Second tier
|
Siacoin
SC
|
0.9330491 |
details, prediction |
Zilliqa
ZIL
|
0.9326938 |
details, prediction |
Waves
WAVES
|
0.8997275 |
details, prediction |
FTX Token
FTT
|
0.89387435 |
details, prediction |
Cosmos
ATOM
|
0.89205384 |
details, prediction |
|
Third tier
|
SwftCoin
SWFTC
|
0.91302913 |
details, prediction |
Stox
STX
|
0.9114267 |
details, prediction |
Elastos
ELA
|
0.9061176 |
details, prediction |
Ontology
ONT
|
0.9031682 |
details, prediction |
Storj
STORJ
|
0.89870375 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Telcoin 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 Telcoin
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Monero
XMR
|
-0.12098148 |
details, prediction |
Ethereum
ETH
|
0.014172999 |
details, prediction |
ChainLink
LINK
|
0.17671998 |
details, prediction |
ZCash
ZEC
|
0.20473045 |
details, prediction |
Stellar
XLM
|
0.213756 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.654569 |
details, prediction |
DigiByte
DGB
|
-0.5439242 |
details, prediction |
USD//Coin
USDC
|
-0.17970309 |
details, prediction |
True USD
TUSD
|
-0.055170745 |
details, prediction |
Bitcoin SV
BSV
|
1.1517587E-4 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.53606576 |
details, prediction |
NKN
NKN
|
-0.4612256 |
details, prediction |
Propy
PRO
|
-0.4020012 |
details, prediction |
Phantasma
SOUL
|
-0.081906535 |
details, prediction |
Achain
ACT
|
0.009281898 |
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)