Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.73344105 |
details, prediction |
XRP
XRP
|
0.6711669 |
details, prediction |
Ethereum Classic
ETC
|
0.6447355 |
details, prediction |
Crypto.com Chain
CRO
|
0.61890215 |
details, prediction |
Dogecoin
DOGE
|
0.50375426 |
details, prediction |
|
Second tier
|
Decentraland
MANA
|
0.84696645 |
details, prediction |
Zilliqa
ZIL
|
0.81910115 |
details, prediction |
Vechain
VET
|
0.79238147 |
details, prediction |
Basic Attention Token
BAT
|
0.78960425 |
details, prediction |
Cosmos
ATOM
|
0.7826151 |
details, prediction |
|
Third tier
|
Lisk
LSK
|
0.93557787 |
details, prediction |
ARK
ARK
|
0.8803523 |
details, prediction |
Loopring
LRC
|
0.86161834 |
details, prediction |
Internet of Services
IOST
|
0.82186717 |
details, prediction |
Power Ledger
POWR
|
0.8175231 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that QuarkChain 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 QuarkChain
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.4549315 |
details, prediction |
Stellar
XLM
|
-0.08920298 |
details, prediction |
Ethereum
ETH
|
0.050797243 |
details, prediction |
Bitcoin
BTC
|
0.27612385 |
details, prediction |
KuCoin Shares
KCS
|
0.30742708 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.543809 |
details, prediction |
Dai
DAI
|
-0.50203496 |
details, prediction |
True USD
TUSD
|
-0.2828352 |
details, prediction |
Decred
DCR
|
0.07348575 |
details, prediction |
Algorand
ALGO
|
0.0758001 |
details, prediction |
|
Third tier
|
NKN
NKN
|
-0.6128566 |
details, prediction |
Ontology
ONT
|
-0.58304566 |
details, prediction |
Phantasma
SOUL
|
-0.5568753 |
details, prediction |
V Systems
VSYS
|
-0.31208974 |
details, prediction |
FunFair
FUN
|
-0.17014028 |
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)