Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.6660869 |
details, prediction |
Dogecoin
DOGE
|
0.6275319 |
details, prediction |
Stellar
XLM
|
0.6111825 |
details, prediction |
KuCoin Shares
KCS
|
0.57635194 |
details, prediction |
Bitcoin Cash
BCH
|
0.55096287 |
details, prediction |
|
Second tier
|
FTX Token
FTT
|
0.7668206 |
details, prediction |
Cosmos
ATOM
|
0.71395624 |
details, prediction |
IOTA
IOT
|
0.69510925 |
details, prediction |
Status
SNT
|
0.6776713 |
details, prediction |
iEx.ec
RLC
|
0.66730064 |
details, prediction |
|
Third tier
|
SingularityNET
AGI
|
0.7467325 |
details, prediction |
IoTeX
IOTX
|
0.7076466 |
details, prediction |
Stox
STX
|
0.69989026 |
details, prediction |
Ontology
ONT
|
0.67549706 |
details, prediction |
Gas
GAS
|
0.6570549 |
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
|
-0.04396948 |
details, prediction |
Ethereum
ETH
|
0.35467356 |
details, prediction |
Cardano
ADA
|
0.35669237 |
details, prediction |
Monero
XMR
|
0.37842226 |
details, prediction |
ChainLink
LINK
|
0.4390312 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
-0.26405782 |
details, prediction |
Ravencoin
RVN
|
-0.1872731 |
details, prediction |
DigiByte
DGB
|
-0.14619175 |
details, prediction |
USD//Coin
USDC
|
-0.10689752 |
details, prediction |
True USD
TUSD
|
-0.05230899 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.5734197 |
details, prediction |
NKN
NKN
|
-0.40622297 |
details, prediction |
Constellation
DAG
|
-0.28187105 |
details, prediction |
HEROcoin
PLAY
|
-0.27800417 |
details, prediction |
Matrix AI Network
MAN
|
-0.27514657 |
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)