Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
SONM
SNM
|
0.20989193 |
details, prediction |
KuCoin Shares
KCS
|
0.17805022 |
details, prediction |
Cardano
ADA
|
-0.01865705 |
details, prediction |
Dogecoin
DOGE
|
-0.058555137 |
details, prediction |
Stellar
XLM
|
-0.19196433 |
details, prediction |
|
Second tier
|
SwissBorg
CHSB
|
0.48200846 |
details, prediction |
OriginTrail
TRAC
|
0.4771265 |
details, prediction |
XYO Network
XYO
|
0.32530892 |
details, prediction |
Ethos (Bitquence)
BQX
|
0.30867293 |
details, prediction |
EthLend
LEND
|
0.30408865 |
details, prediction |
|
Third tier
|
BHPCash
BHPC
|
0.91360694 |
details, prediction |
Tidex Token
TDX
|
0.8302085 |
details, prediction |
Dotcoin
DOT
|
0.7812124 |
details, prediction |
The Hempcoin
THC
|
0.7736767 |
details, prediction |
FLASH coin
FLASH
|
0.7612147 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Tokes 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 Tokes
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
-0.60398436 |
details, prediction |
XRP
XRP
|
-0.507794 |
details, prediction |
Ethereum
ETH
|
-0.50771666 |
details, prediction |
Bitcoin
BTC
|
-0.4666128 |
details, prediction |
Binance Coin
BNB
|
-0.43718508 |
details, prediction |
|
Second tier
|
BitTorrent
BTT
|
-0.7824992 |
details, prediction |
Bitcoin SV
BSV
|
-0.677478 |
details, prediction |
HoloToken
HOT
|
-0.627345 |
details, prediction |
IOTA
IOT
|
-0.5532665 |
details, prediction |
Bitcoin Gold
BTG
|
-0.42122787 |
details, prediction |
|
Third tier
|
RubyCoin
RBY
|
-0.85937226 |
details, prediction |
Dent
DENT
|
-0.8055342 |
details, prediction |
Abyss
ABYSS
|
-0.76644623 |
details, prediction |
MaidSafe Coin
MAID
|
-0.71514606 |
details, prediction |
Egretia
EGT
|
-0.7136442 |
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)