Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.90971667 |
details, prediction |
Crypto.com Chain
CRO
|
0.8236617 |
details, prediction |
Cardano
ADA
|
0.6271677 |
details, prediction |
Ethereum Classic
ETC
|
0.19872512 |
details, prediction |
XRP
XRP
|
0.15565275 |
details, prediction |
|
Second tier
|
Waves
WAVES
|
0.91169196 |
details, prediction |
Bitcoin Gold
BTG
|
0.9107022 |
details, prediction |
Theta Fuel
TFUEL
|
0.8706116 |
details, prediction |
Siacoin
SC
|
0.8617013 |
details, prediction |
Zilliqa
ZIL
|
0.84873515 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.9631724 |
details, prediction |
Komodo
KMD
|
0.92268795 |
details, prediction |
IoTeX
IOTX
|
0.8806076 |
details, prediction |
Stox
STX
|
0.8432489 |
details, prediction |
Internet of Services
IOST
|
0.7654502 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Elastos 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 Elastos
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.7054429 |
details, prediction |
Ethereum
ETH
|
-0.701807 |
details, prediction |
Bitcoin
BTC
|
-0.45008072 |
details, prediction |
ChainLink
LINK
|
-0.3403708 |
details, prediction |
Litecoin
LTC
|
-0.2933668 |
details, prediction |
|
Second tier
|
Bitcoin SV
BSV
|
-0.5532311 |
details, prediction |
Algorand
ALGO
|
-0.4213754 |
details, prediction |
Nexo
NEXO
|
-0.30559704 |
details, prediction |
HoloToken
HOT
|
-0.29869953 |
details, prediction |
DASH
DASH
|
-0.07518517 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.77258945 |
details, prediction |
V Systems
VSYS
|
-0.73622847 |
details, prediction |
Ontology
ONT
|
-0.57751983 |
details, prediction |
Steem
STEEM
|
-0.5265273 |
details, prediction |
Enjin Coin
ENJ
|
-0.42594707 |
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)