Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.76255906 |
details, prediction |
KuCoin Shares
KCS
|
0.5987905 |
details, prediction |
Ethereum Classic
ETC
|
0.4920313 |
details, prediction |
Bitcoin Cash
BCH
|
0.39973068 |
details, prediction |
Dogecoin
DOGE
|
0.311865 |
details, prediction |
|
Second tier
|
Basic Attention Token
BAT
|
0.9009219 |
details, prediction |
Chiliz
CHZ
|
0.8777965 |
details, prediction |
Telcoin
TEL
|
0.78822756 |
details, prediction |
Waves
WAVES
|
0.78171533 |
details, prediction |
Synthetix Network Token
SNX
|
0.7782781 |
details, prediction |
|
Third tier
|
PIVX
PIVX
|
0.8309206 |
details, prediction |
SwftCoin
SWFTC
|
0.81802243 |
details, prediction |
Kambria
KAT
|
0.71282446 |
details, prediction |
Elastos
ELA
|
0.57756704 |
details, prediction |
Achain
ACT
|
0.5578415 |
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
|
Monero
XMR
|
-0.17854968 |
details, prediction |
Ethereum
ETH
|
-0.07357419 |
details, prediction |
Binance Coin
BNB
|
-0.02174025 |
details, prediction |
ChainLink
LINK
|
0.013939469 |
details, prediction |
Cardano
ADA
|
0.03459806 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
-0.5245037 |
details, prediction |
Decred
DCR
|
-0.05621967 |
details, prediction |
Bitcoin Gold
BTG
|
0.08229347 |
details, prediction |
Horizen
ZEN
|
0.11943059 |
details, prediction |
Vechain
VET
|
0.1278738 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.28616673 |
details, prediction |
OPEN Platform
OPEN
|
-0.23716418 |
details, prediction |
HEROcoin
PLAY
|
-0.18617791 |
details, prediction |
AdEx
ADX
|
-0.09540268 |
details, prediction |
Dent
DENT
|
-0.07956695 |
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)