Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin
BTC
|
0.6905101 |
details, prediction |
Ethereum
ETH
|
0.6410483 |
details, prediction |
Monero
XMR
|
0.561403 |
details, prediction |
XRP
XRP
|
0.55020386 |
details, prediction |
ChainLink
LINK
|
0.54586226 |
details, prediction |
|
Second tier
|
Theta
THETA
|
0.7636573 |
details, prediction |
0x
ZRX
|
0.60043484 |
details, prediction |
Decentraland
MANA
|
0.5858405 |
details, prediction |
Horizen
ZEN
|
0.5846036 |
details, prediction |
Request Network
REQ
|
0.5679033 |
details, prediction |
|
Third tier
|
LAToken
LA
|
0.80033034 |
details, prediction |
OPEN Platform
OPEN
|
0.7000684 |
details, prediction |
HEROcoin
PLAY
|
0.6946074 |
details, prediction |
Chronobank
TIME
|
0.63643974 |
details, prediction |
Bancor
BNT
|
0.6222323 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Enjin Coin 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 Enjin Coin
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.26877102 |
details, prediction |
TRON
TRX
|
-0.09913256 |
details, prediction |
ZCash
ZEC
|
0.14348005 |
details, prediction |
Crypto.com Chain
CRO
|
0.14568427 |
details, prediction |
Binance Coin
BNB
|
0.36104146 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.79578185 |
details, prediction |
USD//Coin
USDC
|
-0.7445484 |
details, prediction |
True USD
TUSD
|
-0.26264903 |
details, prediction |
Telcoin
TEL
|
-0.14461194 |
details, prediction |
OriginTrail
TRAC
|
-0.07775294 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
-0.9053982 |
details, prediction |
Komodo
KMD
|
-0.51390177 |
details, prediction |
V Systems
VSYS
|
-0.26133522 |
details, prediction |
Wanchain
WAN
|
-0.25026172 |
details, prediction |
NKN
NKN
|
-0.14681217 |
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)