Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Crypto.com Chain
CRO
|
0.8759872 |
details, prediction |
Chiliz
CHZ
|
0.8410927 |
details, prediction |
IOTA
IOT
|
0.8250664 |
details, prediction |
Cardano
ADA
|
0.80634534 |
details, prediction |
SONM
SNM
|
0.77497697 |
details, prediction |
Second tier
|
Basic Attention Token
BAT
|
0.8800238 |
details, prediction |
0x
ZRX
|
0.872383 |
details, prediction |
Aragon
ANT
|
0.8572097 |
details, prediction |
Nexo
NEXO
|
0.85189617 |
details, prediction |
Siacoin
SC
|
0.8482249 |
details, prediction |
Third tier
|
Synereo
AMP
|
0.9046693 |
details, prediction |
Augur
REP
|
0.8937014 |
details, prediction |
ThoreCoin
THR
|
0.87691337 |
details, prediction |
BitKan
KAN
|
0.8614103 |
details, prediction |
Universa
UTNP
|
0.8598432 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that UnikoinGold 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 UnikoinGold
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Bitcoin SV
BSV
|
-0.6856428 |
details, prediction |
KuCoin Shares
KCS
|
-0.6436557 |
details, prediction |
EOS
EOS
|
-0.5432236 |
details, prediction |
Bitcoin Cash
BCH
|
-0.33022955 |
details, prediction |
XRP
XRP
|
-0.32043043 |
details, prediction |
Second tier
|
DASH
DASH
|
-0.74288255 |
details, prediction |
BORA
BORA
|
-0.618159 |
details, prediction |
HedgeTrade
HEDG
|
-0.44531682 |
details, prediction |
True USD
TUSD
|
-0.11569332 |
details, prediction |
Bitcoin Gold
BTG
|
-0.08293651 |
details, prediction |
Third tier
|
MOAC
MOAC
|
-0.8786081 |
details, prediction |
Prizm
PZM
|
-0.8436728 |
details, prediction |
Polybius
PLBT
|
-0.82425046 |
details, prediction |
Bitcoin Private
BTCP
|
-0.76639605 |
details, prediction |
GAPS
GAP
|
-0.74669933 |
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)