Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
0.96861374 |
details, prediction |
Cardano
ADA
|
0.9347852 |
details, prediction |
Litecoin
LTC
|
0.9235325 |
details, prediction |
Bitcoin
BTC
|
0.9049731 |
details, prediction |
Crypto.com Chain
CRO
|
0.8959051 |
details, prediction |
|
Second tier
|
NEO
NEO
|
0.94832623 |
details, prediction |
QTUM
QTUM
|
0.94005984 |
details, prediction |
Zilliqa
ZIL
|
0.93390816 |
details, prediction |
Synthetix Network Token
SNX
|
0.9313687 |
details, prediction |
Bitcoin Gold
BTG
|
0.9196486 |
details, prediction |
|
Third tier
|
Stox
STX
|
0.95879483 |
details, prediction |
Storj
STORJ
|
0.9327593 |
details, prediction |
Internet of Services
IOST
|
0.9251348 |
details, prediction |
Civic
CVC
|
0.92169195 |
details, prediction |
ARK
ARK
|
0.89881533 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Ethereum Classic 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 Ethereum Classic
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.59987575 |
details, prediction |
ZCash
ZEC
|
0.22385821 |
details, prediction |
TRON
TRX
|
0.33214724 |
details, prediction |
Binance Coin
BNB
|
0.7056236 |
details, prediction |
Monero
XMR
|
0.75904936 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.68237877 |
details, prediction |
Dai
DAI
|
-0.6259734 |
details, prediction |
True USD
TUSD
|
-0.35400733 |
details, prediction |
Telcoin
TEL
|
0.012849894 |
details, prediction |
OriginTrail
TRAC
|
0.02780037 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
-0.18634254 |
details, prediction |
Chronobank
TIME
|
0.019725649 |
details, prediction |
OPEN Platform
OPEN
|
0.02975492 |
details, prediction |
Matrix AI Network
MAN
|
0.16948856 |
details, prediction |
Komodo
KMD
|
0.18975149 |
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)