Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.53277946 |
details, prediction |
ZCash
ZEC
|
0.48307136 |
details, prediction |
Binance Coin
BNB
|
0.4247374 |
details, prediction |
Ethereum Classic
ETC
|
0.36799553 |
details, prediction |
Dogecoin
DOGE
|
0.35927546 |
details, prediction |
|
Second tier
|
DASH
DASH
|
0.6963218 |
details, prediction |
OriginTrail
TRAC
|
0.685362 |
details, prediction |
Dai
DAI
|
0.65090877 |
details, prediction |
Cosmos
ATOM
|
0.54043573 |
details, prediction |
FTX Token
FTT
|
0.49817306 |
details, prediction |
|
Third tier
|
Komodo
KMD
|
0.86821157 |
details, prediction |
Stox
STX
|
0.51351035 |
details, prediction |
Constellation
DAG
|
0.4133296 |
details, prediction |
Wanchain
WAN
|
0.40878183 |
details, prediction |
Elastos
ELA
|
0.34273964 |
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
|
Ethereum
ETH
|
-0.2040842 |
details, prediction |
Bitcoin Cash
BCH
|
-0.06436366 |
details, prediction |
Litecoin
LTC
|
-0.04337411 |
details, prediction |
Stellar
XLM
|
-0.01447685 |
details, prediction |
KuCoin Shares
KCS
|
0.031201724 |
details, prediction |
|
Second tier
|
True USD
TUSD
|
-0.6837792 |
details, prediction |
Bitcoin Gold
BTG
|
-0.25908175 |
details, prediction |
HoloToken
HOT
|
-0.24541603 |
details, prediction |
Bitcoin SV
BSV
|
-0.24082755 |
details, prediction |
DigiByte
DGB
|
-0.22783239 |
details, prediction |
|
Third tier
|
SysCoin
SYS
|
-0.66563255 |
details, prediction |
Phantasma
SOUL
|
-0.5394029 |
details, prediction |
NKN
NKN
|
-0.4984032 |
details, prediction |
Propy
PRO
|
-0.3849188 |
details, prediction |
Hydro Protocol
HOT
|
-0.31301278 |
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)