Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.9641518 |
details, prediction |
Litecoin
LTC
|
0.95796627 |
details, prediction |
Cardano
ADA
|
0.9443012 |
details, prediction |
Crypto.com Chain
CRO
|
0.9407408 |
details, prediction |
Ethereum
ETH
|
0.92946947 |
details, prediction |
|
Second tier
|
Theta Fuel
TFUEL
|
0.97445035 |
details, prediction |
Ravencoin
RVN
|
0.9666733 |
details, prediction |
Status
SNT
|
0.9652769 |
details, prediction |
Waves
WAVES
|
0.96488136 |
details, prediction |
Tezos
XTZ
|
0.9636105 |
details, prediction |
|
Third tier
|
Lisk
LSK
|
0.9688992 |
details, prediction |
ARK
ARK
|
0.9688822 |
details, prediction |
SingularityNET
AGI
|
0.9668071 |
details, prediction |
Steem
STEEM
|
0.9645041 |
details, prediction |
Gas
GAS
|
0.96324396 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that aelf 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 aelf
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.6499351 |
details, prediction |
ZCash
ZEC
|
-0.2290325 |
details, prediction |
TRON
TRX
|
-0.064284965 |
details, prediction |
Binance Coin
BNB
|
0.48534048 |
details, prediction |
Monero
XMR
|
0.5304781 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.6592961 |
details, prediction |
Dai
DAI
|
-0.6479082 |
details, prediction |
Telcoin
TEL
|
-0.44383988 |
details, prediction |
True USD
TUSD
|
-0.2876857 |
details, prediction |
OriginTrail
TRAC
|
-0.28608567 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
-0.40584937 |
details, prediction |
V Systems
VSYS
|
-0.032806795 |
details, prediction |
Komodo
KMD
|
-0.0046518063 |
details, prediction |
OPEN Platform
OPEN
|
0.07673848 |
details, prediction |
Chronobank
TIME
|
0.15748596 |
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)