Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum
ETH
|
0.7729891 |
details, prediction |
Bitcoin
BTC
|
0.76984495 |
details, prediction |
Monero
XMR
|
0.56037724 |
details, prediction |
ZCash
ZEC
|
0.5602215 |
details, prediction |
KuCoin Shares
KCS
|
0.5389487 |
details, prediction |
|
Second tier
|
Theta
THETA
|
0.62659717 |
details, prediction |
Bitcoin SV
BSV
|
0.59594846 |
details, prediction |
0x
ZRX
|
0.57725185 |
details, prediction |
Chiliz
CHZ
|
0.5702259 |
details, prediction |
Algorand
ALGO
|
0.5476128 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
0.91670984 |
details, prediction |
HEROcoin
PLAY
|
0.90054977 |
details, prediction |
Metal
MTL
|
0.6861285 |
details, prediction |
Bancor
BNT
|
0.5832979 |
details, prediction |
Kambria
KAT
|
0.5243018 |
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
|
Crypto.com Chain
CRO
|
-0.4940705 |
details, prediction |
Bitcoin Cash
BCH
|
-0.45403814 |
details, prediction |
Cardano
ADA
|
-0.41773275 |
details, prediction |
Stellar
XLM
|
0.05234734 |
details, prediction |
Binance Coin
BNB
|
0.069815665 |
details, prediction |
|
Second tier
|
Verge
XVG
|
-0.73742396 |
details, prediction |
Dai
DAI
|
-0.68671465 |
details, prediction |
Telcoin
TEL
|
-0.60889846 |
details, prediction |
Ardor
ARDR
|
-0.48914352 |
details, prediction |
Bitcoin Gold
BTG
|
-0.47017032 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
-0.91862696 |
details, prediction |
Wanchain
WAN
|
-0.8740197 |
details, prediction |
Dent
DENT
|
-0.7442459 |
details, prediction |
Dero
DERO
|
-0.70720977 |
details, prediction |
BABB
BAX
|
-0.67426556 |
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)