Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.8197418 |
details, prediction |
Binance Coin
BNB
|
0.51483727 |
details, prediction |
Cardano
ADA
|
0.48739704 |
details, prediction |
ZCash
ZEC
|
0.47899532 |
details, prediction |
ChainLink
LINK
|
0.45104027 |
details, prediction |
|
Second tier
|
OriginTrail
TRAC
|
0.8220817 |
details, prediction |
FTX Token
FTT
|
0.48840442 |
details, prediction |
Bitcoin Gold
BTG
|
0.47781637 |
details, prediction |
Cosmos
ATOM
|
0.42904848 |
details, prediction |
DASH
DASH
|
0.38119906 |
details, prediction |
|
Third tier
|
Komodo
KMD
|
0.9070824 |
details, prediction |
Constellation
DAG
|
0.88553035 |
details, prediction |
Loopring
LRC
|
0.8634054 |
details, prediction |
Stox
STX
|
0.66213924 |
details, prediction |
Storj
STORJ
|
0.60247844 |
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
|
KuCoin Shares
KCS
|
-0.51114696 |
details, prediction |
Bitcoin Cash
BCH
|
-0.405572 |
details, prediction |
Stellar
XLM
|
-0.4052024 |
details, prediction |
Ethereum
ETH
|
-0.3867749 |
details, prediction |
TRON
TRX
|
-0.0732776 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
-0.46074843 |
details, prediction |
True USD
TUSD
|
-0.45851672 |
details, prediction |
aelf
ELF
|
-0.44270468 |
details, prediction |
iEx.ec
RLC
|
-0.29813662 |
details, prediction |
Status
SNT
|
-0.29706585 |
details, prediction |
|
Third tier
|
LAToken
LA
|
-0.92484224 |
details, prediction |
SysCoin
SYS
|
-0.506212 |
details, prediction |
Ontology
ONT
|
-0.48727468 |
details, prediction |
OPEN Platform
OPEN
|
-0.45158914 |
details, prediction |
NKN
NKN
|
-0.41578248 |
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)