Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
XRP
XRP
|
0.9708057 |
details, prediction |
Dogecoin
DOGE
|
0.95654 |
details, prediction |
Bitcoin Cash
BCH
|
0.94172364 |
details, prediction |
Bitcoin
BTC
|
0.917751 |
details, prediction |
Litecoin
LTC
|
0.897254 |
details, prediction |
|
Second tier
|
Waves
WAVES
|
0.986956 |
details, prediction |
Theta Fuel
TFUEL
|
0.9843675 |
details, prediction |
Tezos
XTZ
|
0.98240954 |
details, prediction |
NEO
NEO
|
0.98168993 |
details, prediction |
QTUM
QTUM
|
0.97719586 |
details, prediction |
|
Third tier
|
Gas
GAS
|
0.98936397 |
details, prediction |
Civic
CVC
|
0.9815764 |
details, prediction |
ARK
ARK
|
0.9801168 |
details, prediction |
Internet of Services
IOST
|
0.97871816 |
details, prediction |
Kyber Network
KNC
|
0.97796744 |
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
|
-0.23808932 |
details, prediction |
TRON
TRX
|
0.43687934 |
details, prediction |
Monero
XMR
|
0.49295506 |
details, prediction |
ZCash
ZEC
|
0.5656482 |
details, prediction |
Ethereum
ETH
|
0.72422266 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.810682 |
details, prediction |
USD//Coin
USDC
|
-0.69556767 |
details, prediction |
True USD
TUSD
|
-0.20577691 |
details, prediction |
DigiByte
DGB
|
0.048993018 |
details, prediction |
Bitcoin SV
BSV
|
0.65338296 |
details, prediction |
|
Third tier
|
Propy
PRO
|
-0.16915217 |
details, prediction |
Phantasma
SOUL
|
-0.011784732 |
details, prediction |
Matrix AI Network
MAN
|
0.069305435 |
details, prediction |
NKN
NKN
|
0.10415413 |
details, prediction |
OPEN Platform
OPEN
|
0.109436534 |
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)