Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Tezos
XTZ
|
0.5335586 |
details, prediction |
Bitcoin SV
BSV
|
0.3208971 |
details, prediction |
Cardano
ADA
|
0.29088902 |
details, prediction |
Bitcoin Cash
BCH
|
0.2553884 |
details, prediction |
Monero
XMR
|
0.24952842 |
details, prediction |
Second tier
|
NEM
XEM
|
0.74173915 |
details, prediction |
Verge
XVG
|
0.69706005 |
details, prediction |
Decred
DCR
|
0.687678 |
details, prediction |
Komodo
KMD
|
0.6598893 |
details, prediction |
Stratis
STRAT
|
0.6419364 |
details, prediction |
Third tier
|
Nucleus Vision
NCASH
|
0.79695225 |
details, prediction |
VertCoin
VTC
|
0.78523654 |
details, prediction |
SIX
SIX
|
0.7487252 |
details, prediction |
Storj
STORJ
|
0.73436147 |
details, prediction |
RevolutionVR
RVR
|
0.7220284 |
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
|
IOTA
IOT
|
-0.33667213 |
details, prediction |
XRP
XRP
|
-0.30597723 |
details, prediction |
ChainLink
LINK
|
-0.07444738 |
details, prediction |
Ethereum
ETH
|
-0.05340101 |
details, prediction |
Huobi Token
HT
|
0.0047339927 |
details, prediction |
Second tier
|
EDUCare
EKT
|
-0.21050182 |
details, prediction |
0x
ZRX
|
-0.18632992 |
details, prediction |
Ravencoin
RVN
|
-0.07172739 |
details, prediction |
Karatgold
KBC
|
-0.019196503 |
details, prediction |
DASH
DASH
|
0.023236204 |
details, prediction |
Third tier
|
Gold Bits Coin
GBC
|
-0.69293493 |
details, prediction |
CWV Chain
CWV
|
-0.49600363 |
details, prediction |
BipCoin
BIP
|
-0.45860288 |
details, prediction |
Darico
DEC
|
-0.44516447 |
details, prediction |
Bounty0x
BNTY
|
-0.41594854 |
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)