Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
UNUS SED LEO
LEO
|
0.6558735 |
details, prediction |
ZCash
ZEC
|
0.45108232 |
details, prediction |
Matic Network
MATIC
|
0.28739432 |
details, prediction |
IOTA
IOT
|
0.27761254 |
details, prediction |
Cosmos
ATOM
|
0.27169642 |
details, prediction |
Second tier
|
Lisk
LSK
|
0.5300314 |
details, prediction |
Basic Attention Token
BAT
|
0.43785232 |
details, prediction |
MonaCoin
MONA
|
0.40060294 |
details, prediction |
RSK Infrastructure Framework
RIF
|
0.35418934 |
details, prediction |
Waves
WAVES
|
0.34666282 |
details, prediction |
Third tier
|
United Traders Token
UTT
|
0.8168281 |
details, prediction |
indaHash
IDH
|
0.8088158 |
details, prediction |
CoinPoker
CHP
|
0.7994444 |
details, prediction |
Emercoin
EMC
|
0.7876062 |
details, prediction |
SaluS
SLS
|
0.78591937 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that THEKEY 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 THEKEY
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Dogecoin
DOGE
|
-0.58988297 |
details, prediction |
Vechain
VET
|
-0.49544406 |
details, prediction |
Binance Coin
BNB
|
-0.47942004 |
details, prediction |
KuCoin Shares
KCS
|
-0.45733783 |
details, prediction |
Ethereum
ETH
|
-0.42899612 |
details, prediction |
Second tier
|
Zilliqa
ZIL
|
-0.5826453 |
details, prediction |
Internet of Services
IOST
|
-0.5525232 |
details, prediction |
Chiliz
CHZ
|
-0.5346176 |
details, prediction |
SwissBorg
CHSB
|
-0.5288645 |
details, prediction |
Status
SNT
|
-0.5176691 |
details, prediction |
Third tier
|
SpaceChain
SPC
|
-0.69999933 |
details, prediction |
district0x
DNT
|
-0.6143694 |
details, prediction |
QuarkChain
QKC
|
-0.60394436 |
details, prediction |
SibCoin
SIB
|
-0.59748274 |
details, prediction |
DeepBrain Chain
DBC
|
-0.5912418 |
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)