Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Ethereum Classic
ETC
|
0.9039032 |
details, prediction |
Ethereum
ETH
|
0.84033275 |
details, prediction |
Cardano
ADA
|
0.8226549 |
details, prediction |
UNUS SED LEO
LEO
|
0.8153504 |
details, prediction |
NEO
NEO
|
0.77896786 |
details, prediction |
Second tier
|
Synthetix Network Token
SNX
|
0.9443421 |
details, prediction |
Kyber Network
KNC
|
0.85988873 |
details, prediction |
Ocean Protocol
OCEAN
|
0.8512495 |
details, prediction |
Storj
STORJ
|
0.83381313 |
details, prediction |
Waves
WAVES
|
0.82022685 |
details, prediction |
Third tier
|
Tidex Token
TDX
|
0.9526431 |
details, prediction |
Aurora Chain
AOA
|
0.93932617 |
details, prediction |
Energi
NRG
|
0.9316753 |
details, prediction |
Solve.Care
SOLVE
|
0.9246411 |
details, prediction |
Bibox Token
BIX
|
0.90947735 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that UnlimitedIP 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 UnlimitedIP
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
XRP
XRP
|
-0.8259054 |
details, prediction |
SONM
SNM
|
-0.5201882 |
details, prediction |
USD//Coin
USDC
|
-0.45889264 |
details, prediction |
Chiliz
CHZ
|
-0.41886735 |
details, prediction |
Cosmos
ATOM
|
-0.26482955 |
details, prediction |
Second tier
|
True USD
TUSD
|
-0.472506 |
details, prediction |
Dai
DAI
|
-0.47063822 |
details, prediction |
Huobi Token
HT
|
-0.4344522 |
details, prediction |
SwissBorg
CHSB
|
-0.41768214 |
details, prediction |
Polymath Network
POLY
|
-0.33574966 |
details, prediction |
Third tier
|
HEROcoin
PLAY
|
-0.93806624 |
details, prediction |
Neblio
NEBL
|
-0.8519335 |
details, prediction |
Scry.info
DDD
|
-0.8229008 |
details, prediction |
OAX
OAX
|
-0.816262 |
details, prediction |
QLINK
QLC
|
-0.7495881 |
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)