Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.9786637 |
details, prediction |
Ethereum Classic
ETC
|
0.95307094 |
details, prediction |
Bitcoin Cash
BCH
|
0.9419939 |
details, prediction |
Litecoin
LTC
|
0.93012816 |
details, prediction |
Crypto.com Chain
CRO
|
0.92612433 |
details, prediction |
|
Second tier
|
IOTA
IOT
|
0.97533625 |
details, prediction |
Theta Fuel
TFUEL
|
0.96907157 |
details, prediction |
Siacoin
SC
|
0.96573055 |
details, prediction |
Tezos
XTZ
|
0.9596952 |
details, prediction |
Bitcoin Gold
BTG
|
0.959132 |
details, prediction |
|
Third tier
|
PIVX
PIVX
|
0.9728631 |
details, prediction |
IoTeX
IOTX
|
0.9685745 |
details, prediction |
Internet of Services
IOST
|
0.9683398 |
details, prediction |
SysCoin
SYS
|
0.96072966 |
details, prediction |
Lisk
LSK
|
0.9581121 |
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
|
-0.8069336 |
details, prediction |
UNUS SED LEO
LEO
|
-0.012236501 |
details, prediction |
ZCash
ZEC
|
0.28770074 |
details, prediction |
Dogecoin
DOGE
|
0.6884228 |
details, prediction |
Binance Coin
BNB
|
0.7040861 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.3082342 |
details, prediction |
True USD
TUSD
|
0.04442549 |
details, prediction |
Decred
DCR
|
0.058945466 |
details, prediction |
Nexo
NEXO
|
0.39006624 |
details, prediction |
Algorand
ALGO
|
0.3932936 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.46796957 |
details, prediction |
OPEN Platform
OPEN
|
-0.4411001 |
details, prediction |
Enjin Coin
ENJ
|
-0.29587975 |
details, prediction |
HEROcoin
PLAY
|
-0.26733476 |
details, prediction |
Kambria
KAT
|
-0.2644002 |
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)