Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Ethereum
ETH
|
0.67665094 |
details, prediction |
Bitcoin
BTC
|
0.63599396 |
details, prediction |
Litecoin
LTC
|
0.62627983 |
details, prediction |
Bitcoin Cash
BCH
|
0.6101014 |
details, prediction |
Theta
THETA
|
0.60005647 |
details, prediction |
Second tier
|
Gnosis
GNO
|
0.66274273 |
details, prediction |
Synthetix Network Token
SNX
|
0.6626366 |
details, prediction |
Digix DAO
DGD
|
0.6565899 |
details, prediction |
HedgeTrade
HEDG
|
0.60371447 |
details, prediction |
MaidSafe Coin
MAID
|
0.59292954 |
details, prediction |
Third tier
|
SALT
SALT
|
0.9258816 |
details, prediction |
Polybius
PLBT
|
0.8700039 |
details, prediction |
CryptoPing
PING
|
0.85996366 |
details, prediction |
CPChain
CPC
|
0.82601464 |
details, prediction |
Radium
RADS
|
0.8218774 |
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
|
XRP
XRP
|
-0.51627237 |
details, prediction |
Waves
WAVES
|
-0.06897055 |
details, prediction |
Ravencoin
RVN
|
0.03751731 |
details, prediction |
UNUS SED LEO
LEO
|
0.07412607 |
details, prediction |
Crypto.com Chain
CRO
|
0.08423678 |
details, prediction |
Second tier
|
DxChain
DX
|
-0.6657207 |
details, prediction |
GlitzKoin
GTN
|
-0.6412436 |
details, prediction |
Dai
DAI
|
-0.46239147 |
details, prediction |
Centrality
CENNZ
|
-0.44455498 |
details, prediction |
True USD
TUSD
|
-0.18325801 |
details, prediction |
Third tier
|
Change
CAG
|
-0.83066773 |
details, prediction |
Enigma
ENG
|
-0.79247814 |
details, prediction |
BOX Token
BOX
|
-0.79204684 |
details, prediction |
Bitbook Gambling
BXK
|
-0.74082476 |
details, prediction |
Digitex Futures
DGTX
|
-0.7368549 |
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)