Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
IOTA
IOT
|
0.24428278 |
details, prediction |
Theta
THETA
|
0.23241533 |
details, prediction |
Maker
MKR
|
0.16844596 |
details, prediction |
Ethereum Classic
ETC
|
0.1514953 |
details, prediction |
Matic Network
MATIC
|
0.15010808 |
details, prediction |
Second tier
|
ICON
ICX
|
0.35343975 |
details, prediction |
SwissBorg
CHSB
|
0.24863212 |
details, prediction |
aelf
ELF
|
0.24256255 |
details, prediction |
Enjin Coin
ENJ
|
0.2311637 |
details, prediction |
Kyber Network
KNC
|
0.2195955 |
details, prediction |
Third tier
|
HEROcoin
PLAY
|
0.8012253 |
details, prediction |
Omnitude
ECOM
|
0.58492595 |
details, prediction |
FedoraCoin
TIPS
|
0.5472873 |
details, prediction |
Kambria
KAT
|
0.5305398 |
details, prediction |
SyncFab
MFG
|
0.53021425 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Thrive 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 Thrive
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Cosmos
ATOM
|
-0.5678881 |
details, prediction |
Fantom
FTM
|
-0.44805074 |
details, prediction |
USD//Coin
USDC
|
-0.21553881 |
details, prediction |
Vechain
VET
|
-0.1321684 |
details, prediction |
Dogecoin
DOGE
|
-0.06286841 |
details, prediction |
Second tier
|
Dai
DAI
|
-0.30568078 |
details, prediction |
FirstBlood
1ST
|
-0.3002384 |
details, prediction |
True USD
TUSD
|
-0.27579075 |
details, prediction |
Telcoin
TEL
|
-0.26542884 |
details, prediction |
Dent
DENT
|
-0.23905507 |
details, prediction |
Third tier
|
carVertical
CV
|
-0.6385847 |
details, prediction |
BitcoinZ
BTCZ
|
-0.5751439 |
details, prediction |
Docademic
MTC
|
-0.5705146 |
details, prediction |
Hydro
HYDRO
|
-0.5683899 |
details, prediction |
BURST
BURST
|
-0.54650766 |
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)