Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
0.8627626 |
details, prediction |
Litecoin
LTC
|
0.8304189 |
details, prediction |
Binance Coin
BNB
|
0.81637836 |
details, prediction |
Ethereum Classic
ETC
|
0.8077029 |
details, prediction |
Dogecoin
DOGE
|
0.8066631 |
details, prediction |
|
Second tier
|
QTUM
QTUM
|
0.887168 |
details, prediction |
Vechain
VET
|
0.8817265 |
details, prediction |
Theta
THETA
|
0.87694234 |
details, prediction |
Verge
XVG
|
0.8676861 |
details, prediction |
0x
ZRX
|
0.8647516 |
details, prediction |
|
Third tier
|
Steem
STEEM
|
0.91360766 |
details, prediction |
Power Ledger
POWR
|
0.8907639 |
details, prediction |
Kyber Network
KNC
|
0.8899841 |
details, prediction |
QuarkChain
QKC
|
0.87675786 |
details, prediction |
Civic
CVC
|
0.85984236 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Metal 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 Metal
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.07761372 |
details, prediction |
KuCoin Shares
KCS
|
0.42759892 |
details, prediction |
Stellar
XLM
|
0.5455963 |
details, prediction |
Bitcoin Cash
BCH
|
0.64736015 |
details, prediction |
Cardano
ADA
|
0.7180175 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
-0.74225026 |
details, prediction |
USD//Coin
USDC
|
-0.5603356 |
details, prediction |
True USD
TUSD
|
-0.53332037 |
details, prediction |
Bitcoin Gold
BTG
|
-0.32891613 |
details, prediction |
aelf
ELF
|
-0.20114017 |
details, prediction |
|
Third tier
|
Matrix AI Network
MAN
|
-0.700105 |
details, prediction |
ICON
ICX
|
-0.68612343 |
details, prediction |
NKN
NKN
|
-0.6042233 |
details, prediction |
OPEN Platform
OPEN
|
-0.5859517 |
details, prediction |
Storj
STORJ
|
-0.5744937 |
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)