Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
0.87476075 |
details, prediction |
Ethereum Classic
ETC
|
0.86017615 |
details, prediction |
Crypto.com Chain
CRO
|
0.85316855 |
details, prediction |
Bitcoin Cash
BCH
|
0.83040017 |
details, prediction |
Cardano
ADA
|
0.82807106 |
details, prediction |
|
Second tier
|
Power Ledger
POWR
|
0.9748443 |
details, prediction |
FTX Token
FTT
|
0.94240355 |
details, prediction |
Bitcoin Gold
BTG
|
0.94091463 |
details, prediction |
Decentraland
MANA
|
0.9406012 |
details, prediction |
Horizen
ZEN
|
0.93820536 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
0.9702781 |
details, prediction |
Dent
DENT
|
0.94750994 |
details, prediction |
Kyber Network
KNC
|
0.94706184 |
details, prediction |
PIVX
PIVX
|
0.9459873 |
details, prediction |
SwftCoin
SWFTC
|
0.93949383 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Electroneum 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 Electroneum
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Binance Coin
BNB
|
-0.47577882 |
details, prediction |
TRON
TRX
|
-0.47556043 |
details, prediction |
Dogecoin
DOGE
|
0.08088509 |
details, prediction |
XRP
XRP
|
0.36245775 |
details, prediction |
KuCoin Shares
KCS
|
0.59656763 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.61821467 |
details, prediction |
True USD
TUSD
|
-0.19535688 |
details, prediction |
Verge
XVG
|
0.07005914 |
details, prediction |
Zilliqa
ZIL
|
0.1293024 |
details, prediction |
Ardor
ARDR
|
0.27790648 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.8258628 |
details, prediction |
Constellation
DAG
|
-0.5881543 |
details, prediction |
Dero
DERO
|
-0.29108858 |
details, prediction |
BOScoin
BOS
|
0.0840873 |
details, prediction |
Elastos
ELA
|
0.28438097 |
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)