Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.38296637 |
details, prediction |
KuCoin Shares
KCS
|
0.30088955 |
details, prediction |
TRON
TRX
|
0.21690808 |
details, prediction |
Bitcoin Cash
BCH
|
0.09399441 |
details, prediction |
Ethereum Classic
ETC
|
0.029596576 |
details, prediction |
|
Second tier
|
True USD
TUSD
|
0.71594065 |
details, prediction |
USD//Coin
USDC
|
0.7106235 |
details, prediction |
Telcoin
TEL
|
0.6315508 |
details, prediction |
Chiliz
CHZ
|
0.6118079 |
details, prediction |
Basic Attention Token
BAT
|
0.5382321 |
details, prediction |
|
Third tier
|
PIVX
PIVX
|
0.77767694 |
details, prediction |
Matrix AI Network
MAN
|
0.72528356 |
details, prediction |
Enjin Coin
ENJ
|
0.63776696 |
details, prediction |
Storj
STORJ
|
0.62800646 |
details, prediction |
SwftCoin
SWFTC
|
0.61256665 |
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
|
Monero
XMR
|
-0.50202644 |
details, prediction |
Binance Coin
BNB
|
-0.3999933 |
details, prediction |
Ethereum
ETH
|
-0.39203838 |
details, prediction |
ChainLink
LINK
|
-0.35286465 |
details, prediction |
ZCash
ZEC
|
-0.33601645 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
-0.4993166 |
details, prediction |
DASH
DASH
|
-0.38954392 |
details, prediction |
Horizen
ZEN
|
-0.37263587 |
details, prediction |
Decred
DCR
|
-0.3407297 |
details, prediction |
Vechain
VET
|
-0.28682423 |
details, prediction |
|
Third tier
|
Dent
DENT
|
-0.44722188 |
details, prediction |
Internet of Services
IOST
|
-0.23294099 |
details, prediction |
V Systems
VSYS
|
-0.2240721 |
details, prediction |
Lisk
LSK
|
-0.2095305 |
details, prediction |
Bancor
BNT
|
-0.20288253 |
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)