Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.733886 |
details, prediction |
Bitcoin Cash
BCH
|
0.60973793 |
details, prediction |
TRON
TRX
|
0.59514916 |
details, prediction |
Dogecoin
DOGE
|
0.5393453 |
details, prediction |
Cardano
ADA
|
0.52777994 |
details, prediction |
|
Second tier
|
Request Network
REQ
|
0.7242189 |
details, prediction |
iEx.ec
RLC
|
0.7232239 |
details, prediction |
Synthetix Network Token
SNX
|
0.5938302 |
details, prediction |
DigiByte
DGB
|
0.53494245 |
details, prediction |
Telcoin
TEL
|
0.5267861 |
details, prediction |
|
Third tier
|
AdEx
ADX
|
0.7774552 |
details, prediction |
Enjin Coin
ENJ
|
0.5578415 |
details, prediction |
V Systems
VSYS
|
0.556551 |
details, prediction |
Bancor
BNT
|
0.53087157 |
details, prediction |
Phantasma
SOUL
|
0.48298872 |
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
|
ZCash
ZEC
|
0.109227575 |
details, prediction |
Monero
XMR
|
0.14777109 |
details, prediction |
Binance Coin
BNB
|
0.3374762 |
details, prediction |
Litecoin
LTC
|
0.34981984 |
details, prediction |
Ethereum
ETH
|
0.37906536 |
details, prediction |
|
Second tier
|
Waves
WAVES
|
0.03651817 |
details, prediction |
Ardor
ARDR
|
0.060679916 |
details, prediction |
Siacoin
SC
|
0.06281441 |
details, prediction |
DASH
DASH
|
0.11267033 |
details, prediction |
Decred
DCR
|
0.14695352 |
details, prediction |
|
Third tier
|
NKN
NKN
|
-0.46394208 |
details, prediction |
Lisk
LSK
|
-0.29076838 |
details, prediction |
Internet of Services
IOST
|
-0.0755992 |
details, prediction |
Matrix AI Network
MAN
|
-0.0592985 |
details, prediction |
Storj
STORJ
|
-0.022646166 |
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)