Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
IOTA
IOT
|
0.9616307 |
details, prediction |
Bitcoin
BTC
|
0.95931756 |
details, prediction |
Chiliz
CHZ
|
0.95085424 |
details, prediction |
TRON
TRX
|
0.94325215 |
details, prediction |
Crypto.com Chain
CRO
|
0.9394312 |
details, prediction |
Second tier
|
BitTorrent
BTT
|
0.9804503 |
details, prediction |
Ravencoin
RVN
|
0.9778667 |
details, prediction |
NEM
XEM
|
0.9744512 |
details, prediction |
Request Network
REQ
|
0.96474797 |
details, prediction |
Internet of Services
IOST
|
0.9618028 |
details, prediction |
Third tier
|
Switcheo Network
SWH
|
0.9815881 |
details, prediction |
Electroneum
ETN
|
0.97978663 |
details, prediction |
Viberate
VIB
|
0.9777041 |
details, prediction |
0chain
ZCN
|
0.97706527 |
details, prediction |
Ubiq
UBQ
|
0.97662175 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Exchange Union 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 Exchange Union
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Matic Network
MATIC
|
-0.6540693 |
details, prediction |
UNUS SED LEO
LEO
|
-0.14712648 |
details, prediction |
Ethereum Classic
ETC
|
-0.08333819 |
details, prediction |
Cardano
ADA
|
-0.03414288 |
details, prediction |
USD//Coin
USDC
|
-0.014065261 |
details, prediction |
Second tier
|
Quant Network
QNT
|
-0.71592087 |
details, prediction |
Telcoin
TEL
|
-0.363727 |
details, prediction |
Theta Fuel
TFUEL
|
-0.3358439 |
details, prediction |
Dai
DAI
|
-0.17098609 |
details, prediction |
Paxos Standard
PAX
|
-0.032360453 |
details, prediction |
Third tier
|
BLOCKv
VEE
|
-0.7270113 |
details, prediction |
Polybius
PLBT
|
-0.67327225 |
details, prediction |
Chronobank
TIME
|
-0.58293265 |
details, prediction |
PeerCoin
PPC
|
-0.56984955 |
details, prediction |
BURST
BURST
|
-0.49278557 |
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)