Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
SONM
SNM
|
0.83617884 |
details, prediction |
Bitcoin Cash
BCH
|
0.82614845 |
details, prediction |
Stellar
XLM
|
0.8178224 |
details, prediction |
EOS
EOS
|
0.81422323 |
details, prediction |
Vechain
VET
|
0.8110119 |
details, prediction |
Second tier
|
HedgeTrade
HEDG
|
0.9589214 |
details, prediction |
OriginTrail
TRAC
|
0.86115426 |
details, prediction |
Gas
GAS
|
0.8558794 |
details, prediction |
Ocean Protocol
OCEAN
|
0.85573447 |
details, prediction |
Bitcoin SV
BSV
|
0.85250956 |
details, prediction |
Third tier
|
Dreamscape
DSC
|
0.93724203 |
details, prediction |
AirSwap
AST
|
0.91478366 |
details, prediction |
BlockNet
BLOCK
|
0.9134889 |
details, prediction |
VertCoin
VTC
|
0.9115491 |
details, prediction |
SpaceChain
SPC
|
0.9036767 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that VeriCoin 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 VeriCoin
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
UNUS SED LEO
LEO
|
-0.7657696 |
details, prediction |
Dogecoin
DOGE
|
-0.12572168 |
details, prediction |
Cosmos
ATOM
|
0.21171856 |
details, prediction |
Fantom
FTM
|
0.3027359 |
details, prediction |
USD//Coin
USDC
|
0.3773674 |
details, prediction |
Second tier
|
Kyber Network
KNC
|
-0.72314936 |
details, prediction |
FTX Token
FTT
|
-0.13074721 |
details, prediction |
Propy
PRO
|
0.10139168 |
details, prediction |
Power Ledger
POWR
|
0.14510652 |
details, prediction |
Waves
WAVES
|
0.19768834 |
details, prediction |
Third tier
|
SmartMesh
SMT
|
-0.8249698 |
details, prediction |
SwftCoin
SWFTC
|
-0.67682457 |
details, prediction |
CREDITS
CS
|
-0.6559687 |
details, prediction |
Time New Bank
TNB
|
-0.56130916 |
details, prediction |
Quantstamp
QSP
|
-0.5156023 |
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)