Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
DigiByte
DGB
|
0.9630378 |
details, prediction |
Cosmos
ATOM
|
0.9546693 |
details, prediction |
Ethereum Classic
ETC
|
0.95331097 |
details, prediction |
IOTA
IOT
|
0.9522113 |
details, prediction |
DASH
DASH
|
0.93786395 |
details, prediction |
Second tier
|
ReddCoin
RDD
|
0.9715689 |
details, prediction |
Civic
CVC
|
0.96590406 |
details, prediction |
SingularityNET
AGI
|
0.9608409 |
details, prediction |
Komodo
KMD
|
0.9594949 |
details, prediction |
Lisk
LSK
|
0.9588644 |
details, prediction |
Third tier
|
VertCoin
VTC
|
0.97638196 |
details, prediction |
U network
UUU
|
0.9710031 |
details, prediction |
Red Pulse Phoenix
PHX
|
0.9691117 |
details, prediction |
Synereo
AMP
|
0.9668766 |
details, prediction |
Walton
WTC
|
0.96685815 |
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
|
XRP
XRP
|
0.3184187 |
details, prediction |
UNUS SED LEO
LEO
|
0.6743668 |
details, prediction |
Crypto.com Chain
CRO
|
0.6826468 |
details, prediction |
Bitcoin SV
BSV
|
0.6960894 |
details, prediction |
Decred
DCR
|
0.71029925 |
details, prediction |
Second tier
|
GlitzKoin
GTN
|
-0.39935642 |
details, prediction |
DxChain
DX
|
-0.2402689 |
details, prediction |
Dai
DAI
|
-0.07521015 |
details, prediction |
True USD
TUSD
|
0.006896248 |
details, prediction |
USD//Coin
USDC
|
0.027093312 |
details, prediction |
Third tier
|
CryptoPay
CPAY
|
-0.70367575 |
details, prediction |
Kleros
PNK
|
-0.63895786 |
details, prediction |
Waves Community Token
WCT
|
-0.6023399 |
details, prediction |
VIBEHub
VIBE
|
-0.59444547 |
details, prediction |
Dragon Coin
DRG
|
-0.5265808 |
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)