Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.6548856 |
details, prediction |
KuCoin Shares
KCS
|
0.51026255 |
details, prediction |
Ethereum Classic
ETC
|
0.35499924 |
details, prediction |
Bitcoin Cash
BCH
|
0.22485791 |
details, prediction |
Dogecoin
DOGE
|
0.15997386 |
details, prediction |
|
Second tier
|
Telcoin
TEL
|
0.88280106 |
details, prediction |
Basic Attention Token
BAT
|
0.8700046 |
details, prediction |
Waves
WAVES
|
0.7921426 |
details, prediction |
Zilliqa
ZIL
|
0.70432454 |
details, prediction |
FTX Token
FTT
|
0.65776503 |
details, prediction |
|
Third tier
|
Enjin Coin
ENJ
|
0.8777965 |
details, prediction |
PIVX
PIVX
|
0.8102574 |
details, prediction |
Kambria
KAT
|
0.74209815 |
details, prediction |
SwftCoin
SWFTC
|
0.6991411 |
details, prediction |
Storj
STORJ
|
0.6312726 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Chiliz 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 Chiliz
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Monero
XMR
|
-0.31849852 |
details, prediction |
Ethereum
ETH
|
-0.24944864 |
details, prediction |
ChainLink
LINK
|
-0.18589994 |
details, prediction |
Cardano
ADA
|
-0.1851438 |
details, prediction |
Binance Coin
BNB
|
-0.17484565 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
-0.7457258 |
details, prediction |
Decred
DCR
|
-0.2429585 |
details, prediction |
Bitcoin Gold
BTG
|
-0.20979014 |
details, prediction |
Bitcoin SV
BSV
|
-0.018697284 |
details, prediction |
Horizen
ZEN
|
6.248227E-5 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.53016466 |
details, prediction |
AdEx
ADX
|
-0.310774 |
details, prediction |
HEROcoin
PLAY
|
-0.2609984 |
details, prediction |
OPEN Platform
OPEN
|
-0.21682706 |
details, prediction |
Dent
DENT
|
-0.15655848 |
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)