Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.6228831 |
details, prediction |
Ethereum Classic
ETC
|
0.61497766 |
details, prediction |
ChainLink
LINK
|
0.6070389 |
details, prediction |
Binance Coin
BNB
|
0.53871113 |
details, prediction |
ZCash
ZEC
|
0.5386211 |
details, prediction |
|
Second tier
|
Basic Attention Token
BAT
|
0.85573363 |
details, prediction |
Decentraland
MANA
|
0.833953 |
details, prediction |
Zilliqa
ZIL
|
0.8164803 |
details, prediction |
Vechain
VET
|
0.7882008 |
details, prediction |
iEx.ec
RLC
|
0.7274778 |
details, prediction |
|
Third tier
|
Civic
CVC
|
0.8377006 |
details, prediction |
Power Ledger
POWR
|
0.784517 |
details, prediction |
ICON
ICX
|
0.77585995 |
details, prediction |
ARK
ARK
|
0.76839733 |
details, prediction |
Internet of Services
IOST
|
0.7546352 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Status 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 Status
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.10862542 |
details, prediction |
TRON
TRX
|
3.3009818E-4 |
details, prediction |
Crypto.com Chain
CRO
|
0.015478349 |
details, prediction |
Ethereum
ETH
|
0.28790402 |
details, prediction |
Bitcoin Cash
BCH
|
0.38376442 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.4703353 |
details, prediction |
Bitcoin Gold
BTG
|
-0.353984 |
details, prediction |
USD//Coin
USDC
|
-0.32285166 |
details, prediction |
Decred
DCR
|
-0.25034103 |
details, prediction |
Verge
XVG
|
-0.17340182 |
details, prediction |
|
Third tier
|
BABB
BAX
|
-0.56007975 |
details, prediction |
Constellation
DAG
|
-0.41381213 |
details, prediction |
NKN
NKN
|
-0.28800854 |
details, prediction |
Dent
DENT
|
-0.28766975 |
details, prediction |
FunFair
FUN
|
-0.25718838 |
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)