Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.6487258 |
details, prediction |
Bitcoin
BTC
|
0.62780726 |
details, prediction |
Ethereum Classic
ETC
|
0.5994756 |
details, prediction |
Crypto.com Chain
CRO
|
0.5868866 |
details, prediction |
ZCash
ZEC
|
0.5722407 |
details, prediction |
|
Second tier
|
HedgeTrade
HEDG
|
0.59462696 |
details, prediction |
Metadium
META
|
0.56474024 |
details, prediction |
OriginTrail
TRAC
|
0.558202 |
details, prediction |
BORA
BORA
|
0.5519737 |
details, prediction |
BitTorrent
BTT
|
0.5479369 |
details, prediction |
|
Third tier
|
DubaiCoin
DBIX
|
0.8999435 |
details, prediction |
Dether
DTH
|
0.7188036 |
details, prediction |
Synereo
AMP
|
0.70497173 |
details, prediction |
Kambria
KAT
|
0.6872185 |
details, prediction |
Cajutel
CAJ
|
0.6730639 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Truegame 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 Truegame
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
SONM
SNM
|
-0.38943356 |
details, prediction |
ChainLink
LINK
|
-0.37143245 |
details, prediction |
Maker
MKR
|
-0.22801766 |
details, prediction |
Matic Network
MATIC
|
-0.12398284 |
details, prediction |
Dogecoin
DOGE
|
-0.106920265 |
details, prediction |
|
Second tier
|
0x
ZRX
|
-0.54594827 |
details, prediction |
Nexo
NEXO
|
-0.38001302 |
details, prediction |
Basic Attention Token
BAT
|
-0.3533581 |
details, prediction |
Synthetix Network Token
SNX
|
-0.30953163 |
details, prediction |
Request Network
REQ
|
-0.30739295 |
details, prediction |
|
Third tier
|
Gold Bits Coin
GBC
|
-0.6087973 |
details, prediction |
Tierion
TNT
|
-0.56152123 |
details, prediction |
Ripio
RCN
|
-0.53067386 |
details, prediction |
Crypterium
CRPT
|
-0.47585925 |
details, prediction |
StealthCoin
XST
|
-0.46684805 |
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)