Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.7772187 |
details, prediction |
Ethereum Classic
ETC
|
0.39679554 |
details, prediction |
Dogecoin
DOGE
|
0.39012763 |
details, prediction |
KuCoin Shares
KCS
|
0.3392617 |
details, prediction |
Bitcoin Cash
BCH
|
-0.055053994 |
details, prediction |
|
Second tier
|
Basic Attention Token
BAT
|
0.93815243 |
details, prediction |
Zilliqa
ZIL
|
0.93088627 |
details, prediction |
Chiliz
CHZ
|
0.87827146 |
details, prediction |
Waves
WAVES
|
0.868457 |
details, prediction |
Ravencoin
RVN
|
0.8241878 |
details, prediction |
|
Third tier
|
SwftCoin
SWFTC
|
0.9160747 |
details, prediction |
Enjin Coin
ENJ
|
0.8729665 |
details, prediction |
Civic
CVC
|
0.87289315 |
details, prediction |
PIVX
PIVX
|
0.85792726 |
details, prediction |
Storj
STORJ
|
0.8222704 |
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
|
-0.6276394 |
details, prediction |
Ethereum
ETH
|
-0.58524144 |
details, prediction |
ChainLink
LINK
|
-0.5432283 |
details, prediction |
Cardano
ADA
|
-0.5191852 |
details, prediction |
Litecoin
LTC
|
-0.45369944 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
-0.859835 |
details, prediction |
Decred
DCR
|
-0.6613851 |
details, prediction |
Bitcoin SV
BSV
|
-0.58156574 |
details, prediction |
HoloToken
HOT
|
-0.42650676 |
details, prediction |
Dai
DAI
|
-0.35930037 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.8048073 |
details, prediction |
Hydro Protocol
HOT
|
-0.45421198 |
details, prediction |
NKN
NKN
|
-0.3989834 |
details, prediction |
Bancor
BNT
|
-0.26579854 |
details, prediction |
Dent
DENT
|
-0.24249063 |
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)