Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
0.7350198 |
details, prediction |
Dogecoin
DOGE
|
0.7023623 |
details, prediction |
Litecoin
LTC
|
0.6686398 |
details, prediction |
ZCash
ZEC
|
0.6679786 |
details, prediction |
Crypto.com Chain
CRO
|
0.6229213 |
details, prediction |
|
Second tier
|
NEO
NEO
|
0.79118365 |
details, prediction |
FTX Token
FTT
|
0.77121735 |
details, prediction |
0x
ZRX
|
0.71329993 |
details, prediction |
aelf
ELF
|
0.6776987 |
details, prediction |
Telcoin
TEL
|
0.65777034 |
details, prediction |
|
Third tier
|
Storj
STORJ
|
0.7536251 |
details, prediction |
Bancor
BNT
|
0.706554 |
details, prediction |
Lisk
LSK
|
0.657632 |
details, prediction |
Stox
STX
|
0.653069 |
details, prediction |
QuarkChain
QKC
|
0.6447355 |
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
|
-0.104190476 |
details, prediction |
TRON
TRX
|
0.093005545 |
details, prediction |
Bitcoin Cash
BCH
|
0.09793602 |
details, prediction |
Ethereum
ETH
|
0.112398796 |
details, prediction |
KuCoin Shares
KCS
|
0.3937806 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.4018134 |
details, prediction |
USD//Coin
USDC
|
-0.32761708 |
details, prediction |
Decred
DCR
|
-0.1768747 |
details, prediction |
Verge
XVG
|
-0.098942325 |
details, prediction |
DigiByte
DGB
|
-0.03085927 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.30005667 |
details, prediction |
NKN
NKN
|
-0.29335865 |
details, prediction |
OPEN Platform
OPEN
|
-0.2411146 |
details, prediction |
SysCoin
SYS
|
-0.12013523 |
details, prediction |
HEROcoin
PLAY
|
-0.07052771 |
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)