Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Monero
XMR
|
0.53521705 |
details, prediction |
ChainLink
LINK
|
0.5255908 |
details, prediction |
ZCash
ZEC
|
0.50699234 |
details, prediction |
Crypto.com Chain
CRO
|
0.49577716 |
details, prediction |
Ethereum Classic
ETC
|
0.49304387 |
details, prediction |
|
Second tier
|
OriginTrail
TRAC
|
0.69138205 |
details, prediction |
Request Network
REQ
|
0.69111234 |
details, prediction |
FTX Token
FTT
|
0.6833889 |
details, prediction |
Decentraland
MANA
|
0.66762984 |
details, prediction |
Status
SNT
|
0.66702026 |
details, prediction |
|
Third tier
|
Chronobank
TIME
|
0.7506159 |
details, prediction |
Metal
MTL
|
0.72444767 |
details, prediction |
PIVX
PIVX
|
0.71508545 |
details, prediction |
BABB
BAX
|
0.7082739 |
details, prediction |
Electroneum
ETN
|
0.7019019 |
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
|
Binance Coin
BNB
|
-0.33288658 |
details, prediction |
TRON
TRX
|
-0.18195662 |
details, prediction |
Dogecoin
DOGE
|
0.15052466 |
details, prediction |
XRP
XRP
|
0.19768596 |
details, prediction |
KuCoin Shares
KCS
|
0.26737556 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.17287056 |
details, prediction |
Zilliqa
ZIL
|
0.12550718 |
details, prediction |
True USD
TUSD
|
0.14285946 |
details, prediction |
Ardor
ARDR
|
0.1976513 |
details, prediction |
Verge
XVG
|
0.2945723 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.29245138 |
details, prediction |
Constellation
DAG
|
-0.29162097 |
details, prediction |
Dero
DERO
|
0.040816706 |
details, prediction |
BOScoin
BOS
|
0.414364 |
details, prediction |
Stox
STX
|
0.43319887 |
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)