Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Crypto.com Chain
CRO
|
0.77025545 |
details, prediction |
SONM
SNM
|
0.71750265 |
details, prediction |
Chiliz
CHZ
|
0.695804 |
details, prediction |
UNUS SED LEO
LEO
|
0.6414242 |
details, prediction |
Cardano
ADA
|
0.62684965 |
details, prediction |
Second tier
|
Nexo
NEXO
|
0.8642458 |
details, prediction |
SwissBorg
CHSB
|
0.8479758 |
details, prediction |
Internet of Services
IOST
|
0.7950917 |
details, prediction |
Verge
XVG
|
0.77765524 |
details, prediction |
Storj
STORJ
|
0.77647144 |
details, prediction |
Third tier
|
OPEN Platform
OPEN
|
0.9567803 |
details, prediction |
FedoraCoin
TIPS
|
0.9332839 |
details, prediction |
Melon
MLN
|
0.8912984 |
details, prediction |
Synereo
AMP
|
0.88596046 |
details, prediction |
Time New Bank
TNB
|
0.87897396 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Ink Protocol 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 Ink Protocol
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Bitcoin SV
BSV
|
-0.7846333 |
details, prediction |
KuCoin Shares
KCS
|
-0.62279975 |
details, prediction |
EOS
EOS
|
-0.5703272 |
details, prediction |
XRP
XRP
|
-0.568881 |
details, prediction |
Bitcoin Cash
BCH
|
-0.4361386 |
details, prediction |
Second tier
|
DASH
DASH
|
-0.6550321 |
details, prediction |
HedgeTrade
HEDG
|
-0.551822 |
details, prediction |
BORA
BORA
|
-0.47208506 |
details, prediction |
Telcoin
TEL
|
-0.34074858 |
details, prediction |
Metadium
META
|
-0.027057633 |
details, prediction |
Third tier
|
GAPS
GAP
|
-0.77748525 |
details, prediction |
MOAC
MOAC
|
-0.7476074 |
details, prediction |
Seele
SEELE
|
-0.73068255 |
details, prediction |
Polybius
PLBT
|
-0.6713898 |
details, prediction |
PayPie
PPP
|
-0.6038836 |
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)