Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
USD//Coin
USDC
|
0.20304866 |
details, prediction |
SONM
SNM
|
-0.10583166 |
details, prediction |
Fantom
FTM
|
-0.120238446 |
details, prediction |
Cosmos
ATOM
|
-0.14371876 |
details, prediction |
Dogecoin
DOGE
|
-0.14694993 |
details, prediction |
Second tier
|
EthLend
LEND
|
0.3238506 |
details, prediction |
Dai
DAI
|
0.22290148 |
details, prediction |
True USD
TUSD
|
0.20576562 |
details, prediction |
Paxos Standard
PAX
|
0.0133614 |
details, prediction |
Telcoin
TEL
|
0.0042516915 |
details, prediction |
Third tier
|
Bitcore
BTX
|
0.38511854 |
details, prediction |
Cryptonex
CNX
|
0.37872037 |
details, prediction |
Rotharium
RTH
|
0.36660308 |
details, prediction |
QunQun
QUN
|
0.34261674 |
details, prediction |
BLOCKv
VEE
|
0.31601575 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Ubique Chain of Things 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 Ubique Chain of Things
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
KuCoin Shares
KCS
|
-0.45519662 |
details, prediction |
XRP
XRP
|
-0.40704516 |
details, prediction |
Chiliz
CHZ
|
-0.3730953 |
details, prediction |
EOS
EOS
|
-0.36437237 |
details, prediction |
Binance Coin
BNB
|
-0.36314073 |
details, prediction |
Second tier
|
Synthetix Network Token
SNX
|
-0.48475164 |
details, prediction |
BORA
BORA
|
-0.48008358 |
details, prediction |
Dent
DENT
|
-0.43370074 |
details, prediction |
Stox
STX
|
-0.42220095 |
details, prediction |
Decentraland
MANA
|
-0.4027776 |
details, prediction |
Third tier
|
WAX
WAX
|
-0.55179113 |
details, prediction |
Pillar
PLR
|
-0.46871668 |
details, prediction |
THEKEY
TKY
|
-0.46526134 |
details, prediction |
Komodo
KMD
|
-0.44960493 |
details, prediction |
LBRY Credits
LBC
|
-0.44859904 |
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)