Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Dogecoin
DOGE
|
0.798062 |
details, prediction |
Bitcoin SV
BSV
|
0.7941457 |
details, prediction |
XRP
XRP
|
0.71073323 |
details, prediction |
Stellar
XLM
|
0.6899882 |
details, prediction |
Bitcoin Cash
BCH
|
0.5005721 |
details, prediction |
Second tier
|
NEM
XEM
|
0.8145097 |
details, prediction |
MonaCoin
MONA
|
0.800044 |
details, prediction |
XYO Network
XYO
|
0.78079504 |
details, prediction |
Waves
WAVES
|
0.7451462 |
details, prediction |
ZCash
ZEC
|
0.7053845 |
details, prediction |
Third tier
|
Tidex Token
TDX
|
0.91248465 |
details, prediction |
Pillar
PLR
|
0.8208901 |
details, prediction |
Credit Tag Chain
CTC
|
0.8136499 |
details, prediction |
Bulwark
BWK
|
0.80762863 |
details, prediction |
Electroneum
ETN
|
0.8040194 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that MonacoCoin 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 MonacoCoin
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Binance Coin
BNB
|
-0.58419555 |
details, prediction |
Cardano
ADA
|
-0.5772555 |
details, prediction |
ChainLink
LINK
|
-0.5665483 |
details, prediction |
Litecoin
LTC
|
-0.5511827 |
details, prediction |
Theta
THETA
|
-0.48992985 |
details, prediction |
Second tier
|
Internet of Services
IOST
|
-0.6040634 |
details, prediction |
Quant Network
QNT
|
-0.5757505 |
details, prediction |
HoloToken
HOT
|
-0.57037014 |
details, prediction |
Metadium
META
|
-0.5476692 |
details, prediction |
ARK
ARK
|
-0.5345464 |
details, prediction |
Third tier
|
Eligma
ELI
|
-0.71152556 |
details, prediction |
Steem Backed Dollars
SBD
|
-0.68719983 |
details, prediction |
Grid+
GRID
|
-0.6870382 |
details, prediction |
IOCoin
IOC
|
-0.67045784 |
details, prediction |
Blockport
BPT
|
-0.6688583 |
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)