Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Maker
MKR
|
0.8689465 |
details, prediction |
Theta
THETA
|
0.8469697 |
details, prediction |
Decentraland
MANA
|
0.84181994 |
details, prediction |
IOTA
IOT
|
0.8397778 |
details, prediction |
Vechain
VET
|
0.8339029 |
details, prediction |
Second tier
|
Waves
WAVES
|
0.8611816 |
details, prediction |
Chiliz
CHZ
|
0.85205555 |
details, prediction |
Enjin Coin
ENJ
|
0.8500184 |
details, prediction |
Ravencoin
RVN
|
0.8485397 |
details, prediction |
Verge
XVG
|
0.8483599 |
details, prediction |
Third tier
|
WAX
WAX
|
0.9009971 |
details, prediction |
Mainframe
MFT
|
0.854679 |
details, prediction |
NKN
NKN
|
0.83747405 |
details, prediction |
Walton
WTC
|
0.83606 |
details, prediction |
Dock.io
DOCK
|
0.8346036 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that MyriadCoin 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 MyriadCoin
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
TRON
TRX
|
-0.5176908 |
details, prediction |
Monero
XMR
|
0.40294474 |
details, prediction |
Huobi Token
HT
|
0.61047226 |
details, prediction |
Dogecoin
DOGE
|
0.6221011 |
details, prediction |
KuCoin Shares
KCS
|
0.71009797 |
details, prediction |
Second tier
|
USD//Coin
USDC
|
-0.7418545 |
details, prediction |
Dai
DAI
|
-0.6960898 |
details, prediction |
True USD
TUSD
|
-0.6213719 |
details, prediction |
Paxos Standard
PAX
|
-0.39685866 |
details, prediction |
EthLend
LEND
|
-0.2194229 |
details, prediction |
Third tier
|
Time New Bank
TNB
|
-0.70644546 |
details, prediction |
Envion
EVN
|
-0.57883424 |
details, prediction |
DigiCube
CUBE
|
-0.559127 |
details, prediction |
SunContract
SNC
|
-0.54324436 |
details, prediction |
Mobius
MOBI
|
-0.52743495 |
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)