Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.9620563 |
details, prediction |
Crypto.com Chain
CRO
|
0.9511991 |
details, prediction |
Ethereum Classic
ETC
|
0.87636435 |
details, prediction |
Bitcoin Cash
BCH
|
0.87069815 |
details, prediction |
XRP
XRP
|
0.8605732 |
details, prediction |
|
Second tier
|
IOTA
IOT
|
0.9530263 |
details, prediction |
Bitcoin Gold
BTG
|
0.94155955 |
details, prediction |
Theta Fuel
TFUEL
|
0.92786074 |
details, prediction |
Siacoin
SC
|
0.9178143 |
details, prediction |
DigiByte
DGB
|
0.9035221 |
details, prediction |
|
Third tier
|
Komodo
KMD
|
0.9607343 |
details, prediction |
SysCoin
SYS
|
0.94456375 |
details, prediction |
Loopring
LRC
|
0.9440018 |
details, prediction |
Internet of Services
IOST
|
0.9251899 |
details, prediction |
SingularityNET
AGI
|
0.92147976 |
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
|
TRON
TRX
|
-0.80056006 |
details, prediction |
ZCash
ZEC
|
-0.2000744 |
details, prediction |
Bitcoin
BTC
|
0.31460667 |
details, prediction |
Ethereum
ETH
|
0.37484834 |
details, prediction |
Monero
XMR
|
0.56484044 |
details, prediction |
|
Second tier
|
Nexo
NEXO
|
-0.44729432 |
details, prediction |
Algorand
ALGO
|
-0.11497867 |
details, prediction |
Bitcoin SV
BSV
|
0.039126266 |
details, prediction |
HoloToken
HOT
|
0.060211696 |
details, prediction |
Chiliz
CHZ
|
0.10378383 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.64979833 |
details, prediction |
Ontology
ONT
|
-0.57744735 |
details, prediction |
Enjin Coin
ENJ
|
-0.51316524 |
details, prediction |
Kambria
KAT
|
-0.2644002 |
details, prediction |
V Systems
VSYS
|
-0.16347751 |
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)