Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
SONM
SNM
|
0.4609244 |
details, prediction |
Stellar
XLM
|
0.39827895 |
details, prediction |
Bitcoin Cash
BCH
|
0.3900184 |
details, prediction |
TRON
TRX
|
0.3587785 |
details, prediction |
XRP
XRP
|
0.30908206 |
details, prediction |
|
Second tier
|
Status
SNT
|
0.3580281 |
details, prediction |
Theta
THETA
|
0.3499476 |
details, prediction |
Basic Attention Token
BAT
|
0.3486696 |
details, prediction |
Zilliqa
ZIL
|
0.324517 |
details, prediction |
Loopring
LRC
|
0.31811485 |
details, prediction |
|
Third tier
|
Tidex Token
TDX
|
0.77261835 |
details, prediction |
BOX Token
BOX
|
0.6950638 |
details, prediction |
Hubiit
HBT
|
0.5218698 |
details, prediction |
Streamr DATAcoin
DATA
|
0.5115208 |
details, prediction |
RealTract
RET
|
0.479964 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Moin 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 Moin
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
-0.2123917 |
details, prediction |
Monero
XMR
|
0.073604375 |
details, prediction |
Ethereum Classic
ETC
|
0.075146146 |
details, prediction |
Maker
MKR
|
0.15447901 |
details, prediction |
KuCoin Shares
KCS
|
0.21241127 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.28105003 |
details, prediction |
Paxos Standard
PAX
|
-0.2180194 |
details, prediction |
HoloToken
HOT
|
-0.17235084 |
details, prediction |
True USD
TUSD
|
-0.16670546 |
details, prediction |
Dai
DAI
|
-0.032187283 |
details, prediction |
|
Third tier
|
BitcoinDark
BTCD
|
-0.45823503 |
details, prediction |
Asia Coin
AC
|
-0.41579324 |
details, prediction |
Gemini Dollar
GUSD
|
-0.34023696 |
details, prediction |
Linkey
LKY
|
-0.28956053 |
details, prediction |
Playgroundz
IOG
|
-0.26662174 |
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)