Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.80949897 |
details, prediction |
Bitcoin Cash
BCH
|
0.7892002 |
details, prediction |
Stellar
XLM
|
0.7825296 |
details, prediction |
Ethereum Classic
ETC
|
0.77500755 |
details, prediction |
Litecoin
LTC
|
0.77156425 |
details, prediction |
|
Second tier
|
Siacoin
SC
|
0.9676542 |
details, prediction |
0x
ZRX
|
0.9657257 |
details, prediction |
HoloToken
HOT
|
0.96359724 |
details, prediction |
Waves
WAVES
|
0.96191823 |
details, prediction |
Algorand
ALGO
|
0.9563295 |
details, prediction |
|
Third tier
|
Hydro Protocol
HOT
|
0.97698134 |
details, prediction |
Internet of Services
IOST
|
0.9537362 |
details, prediction |
Storj
STORJ
|
0.9493196 |
details, prediction |
AdEx
ADX
|
0.94036335 |
details, prediction |
ICON
ICX
|
0.93558264 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Ravencoin 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 Ravencoin
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Binance Coin
BNB
|
-0.27809644 |
details, prediction |
TRON
TRX
|
-0.21369721 |
details, prediction |
Dogecoin
DOGE
|
0.42970952 |
details, prediction |
XRP
XRP
|
0.4589893 |
details, prediction |
KuCoin Shares
KCS
|
0.6178848 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.35824364 |
details, prediction |
True USD
TUSD
|
-0.30747584 |
details, prediction |
Ardor
ARDR
|
0.19734153 |
details, prediction |
Verge
XVG
|
0.40429413 |
details, prediction |
Zilliqa
ZIL
|
0.418631 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.633299 |
details, prediction |
Constellation
DAG
|
-0.30634958 |
details, prediction |
BOScoin
BOS
|
-0.061989475 |
details, prediction |
Dero
DERO
|
0.0276055 |
details, prediction |
Elastos
ELA
|
0.4894751 |
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)