Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.948272 |
details, prediction |
Litecoin
LTC
|
0.94291323 |
details, prediction |
Ethereum Classic
ETC
|
0.94005984 |
details, prediction |
ChainLink
LINK
|
0.93132126 |
details, prediction |
XRP
XRP
|
0.9220894 |
details, prediction |
|
Second tier
|
NEO
NEO
|
0.96745723 |
details, prediction |
Decentraland
MANA
|
0.95267653 |
details, prediction |
Status
SNT
|
0.95038426 |
details, prediction |
Vechain
VET
|
0.94922686 |
details, prediction |
Zilliqa
ZIL
|
0.9489585 |
details, prediction |
|
Third tier
|
Internet of Services
IOST
|
0.96210796 |
details, prediction |
Gas
GAS
|
0.95207554 |
details, prediction |
Power Ledger
POWR
|
0.9466073 |
details, prediction |
Civic
CVC
|
0.9442629 |
details, prediction |
Lisk
LSK
|
0.9415086 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that QTUM 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 QTUM
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.5917848 |
details, prediction |
ZCash
ZEC
|
0.023152618 |
details, prediction |
TRON
TRX
|
0.1300446 |
details, prediction |
Binance Coin
BNB
|
0.60210496 |
details, prediction |
Monero
XMR
|
0.6442379 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.68894196 |
details, prediction |
Dai
DAI
|
-0.6309941 |
details, prediction |
True USD
TUSD
|
-0.41498506 |
details, prediction |
Telcoin
TEL
|
-0.19397934 |
details, prediction |
OriginTrail
TRAC
|
-0.107878536 |
details, prediction |
|
Third tier
|
Chronobank
TIME
|
-0.29450366 |
details, prediction |
FunFair
FUN
|
-0.16503498 |
details, prediction |
OPEN Platform
OPEN
|
0.07345354 |
details, prediction |
Matrix AI Network
MAN
|
0.08683113 |
details, prediction |
V Systems
VSYS
|
0.15046827 |
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)