Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.5428937 |
details, prediction |
Monero
XMR
|
0.48032644 |
details, prediction |
Bitcoin
BTC
|
0.3503622 |
details, prediction |
Litecoin
LTC
|
0.35021275 |
details, prediction |
Bitcoin Cash
BCH
|
0.33729795 |
details, prediction |
|
Second tier
|
Theta
THETA
|
0.9563051 |
details, prediction |
Request Network
REQ
|
0.7559662 |
details, prediction |
Theta Fuel
TFUEL
|
0.6757888 |
details, prediction |
Horizen
ZEN
|
0.6580032 |
details, prediction |
Verge
XVG
|
0.65668017 |
details, prediction |
|
Third tier
|
AdEx
ADX
|
0.742157 |
details, prediction |
Constellation
DAG
|
0.6442673 |
details, prediction |
Kyber Network
KNC
|
0.637916 |
details, prediction |
LAToken
LA
|
0.623618 |
details, prediction |
Wanchain
WAN
|
0.5312892 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Achain 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 Achain
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
XRP
XRP
|
-0.33675203 |
details, prediction |
ZCash
ZEC
|
-0.2400433 |
details, prediction |
Stellar
XLM
|
-0.17276616 |
details, prediction |
ChainLink
LINK
|
0.026974907 |
details, prediction |
Cardano
ADA
|
0.113249466 |
details, prediction |
|
Second tier
|
Crypto.com Chain
CRO
|
-0.46678653 |
details, prediction |
Waves
WAVES
|
-0.3808382 |
details, prediction |
Algorand
ALGO
|
-0.345775 |
details, prediction |
DigiByte
DGB
|
-0.120982684 |
details, prediction |
FTX Token
FTT
|
-0.10600862 |
details, prediction |
|
Third tier
|
SwftCoin
SWFTC
|
-0.4494158 |
details, prediction |
V Systems
VSYS
|
-0.3348773 |
details, prediction |
Phantasma
SOUL
|
-0.28011942 |
details, prediction |
Propy
PRO
|
-0.12856124 |
details, prediction |
SingularityNET
AGI
|
-0.060658544 |
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)