Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Dogecoin
DOGE
|
0.9236448 |
details, prediction |
Maker
MKR
|
0.90393394 |
details, prediction |
0x
ZRX
|
0.8985216 |
details, prediction |
Ethereum
ETH
|
0.87521464 |
details, prediction |
Cardano
ADA
|
0.86845773 |
details, prediction |
Second tier
|
SwissBorg
CHSB
|
0.9324067 |
details, prediction |
EthLend
LEND
|
0.89429134 |
details, prediction |
Synthetix Network Token
SNX
|
0.8900147 |
details, prediction |
FunFair
FUN
|
0.8899522 |
details, prediction |
Loopring
LRC
|
0.8859806 |
details, prediction |
Third tier
|
Patientory
PTOY
|
0.9239371 |
details, prediction |
ViaCoin
VIA
|
0.90415776 |
details, prediction |
PotCoin
POT
|
0.8919103 |
details, prediction |
AdEx
ADX
|
0.8789178 |
details, prediction |
Presearch
PRE
|
0.8774274 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that X-Cash 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 X-Cash
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
XRP
XRP
|
0.0045535504 |
details, prediction |
Crypto.com Chain
CRO
|
0.48997277 |
details, prediction |
Bitcoin SV
BSV
|
0.51451343 |
details, prediction |
Waves
WAVES
|
0.5692152 |
details, prediction |
Ravencoin
RVN
|
0.57505673 |
details, prediction |
Second tier
|
DxChain
DX
|
-0.61338514 |
details, prediction |
GlitzKoin
GTN
|
-0.520428 |
details, prediction |
Dai
DAI
|
-0.23588517 |
details, prediction |
True USD
TUSD
|
-0.12170308 |
details, prediction |
USD//Coin
USDC
|
-0.08574236 |
details, prediction |
Third tier
|
Change
CAG
|
-0.84019923 |
details, prediction |
Waves Community Token
WCT
|
-0.75452733 |
details, prediction |
Bitbook Gambling
BXK
|
-0.69074076 |
details, prediction |
Enigma
ENG
|
-0.6152875 |
details, prediction |
Digitex Futures
DGTX
|
-0.60011584 |
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)