Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
NEO
NEO
|
0.51485217 |
details, prediction |
IOTA
IOT
|
0.48287007 |
details, prediction |
Cardano
ADA
|
0.4723224 |
details, prediction |
Bitcoin SV
BSV
|
0.4429402 |
details, prediction |
EOS
EOS
|
0.39416 |
details, prediction |
Second tier
|
Decentraland
MANA
|
0.6538263 |
details, prediction |
XYO Network
XYO
|
0.6466984 |
details, prediction |
HoloToken
HOT
|
0.61319596 |
details, prediction |
Stox
STX
|
0.5926385 |
details, prediction |
Dent
DENT
|
0.57826054 |
details, prediction |
Third tier
|
HEROcoin
PLAY
|
0.9500263 |
details, prediction |
FortKnoxster
FKX
|
0.8859149 |
details, prediction |
Tierion
TNT
|
0.8832912 |
details, prediction |
Kambria
KAT
|
0.8473236 |
details, prediction |
Eidoo
EDO
|
0.8322584 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that XMAX 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 XMAX
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Dogecoin
DOGE
|
-0.7135547 |
details, prediction |
USD//Coin
USDC
|
-0.54891855 |
details, prediction |
Matic Network
MATIC
|
-0.5167877 |
details, prediction |
SONM
SNM
|
-0.4046746 |
details, prediction |
Binance Coin
BNB
|
-0.39914572 |
details, prediction |
Second tier
|
Lisk
LSK
|
-0.7574563 |
details, prediction |
SwissBorg
CHSB
|
-0.70415014 |
details, prediction |
OriginTrail
TRAC
|
-0.67983407 |
details, prediction |
Telcoin
TEL
|
-0.653685 |
details, prediction |
True USD
TUSD
|
-0.6369817 |
details, prediction |
Third tier
|
Energi
NRG
|
-0.8835521 |
details, prediction |
Gemini Dollar
GUSD
|
-0.6689446 |
details, prediction |
Aeternity
AE
|
-0.6603492 |
details, prediction |
Linker Coin
LNC
|
-0.6492559 |
details, prediction |
Dragonchain
DRGN
|
-0.6491973 |
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)