Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
0.77025545 |
details, prediction |
SONM
SNM
|
0.71750265 |
details, prediction |
ZCash
ZEC
|
0.66311455 |
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 |
Verge
XVG
|
0.77765524 |
details, prediction |
Basic Attention Token
BAT
|
0.77476066 |
details, prediction |
Quant Network
QNT
|
0.74851435 |
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
|
KuCoin Shares
KCS
|
-0.62279975 |
details, prediction |
XRP
XRP
|
-0.568881 |
details, prediction |
Bitcoin Cash
BCH
|
-0.4361386 |
details, prediction |
Litecoin
LTC
|
-0.37182197 |
details, prediction |
Ethereum Classic
ETC
|
-0.30611068 |
details, prediction |
|
Second tier
|
Bitcoin SV
BSV
|
-0.7846333 |
details, prediction |
DASH
DASH
|
-0.6550321 |
details, prediction |
EOS
EOS
|
-0.5703272 |
details, prediction |
HedgeTrade
HEDG
|
-0.551822 |
details, prediction |
BORA
BORA
|
-0.47208506 |
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)