Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Cardano
ADA
|
0.92336524 |
details, prediction |
NEO
NEO
|
0.90760136 |
details, prediction |
Ethereum Classic
ETC
|
0.9071561 |
details, prediction |
Dogecoin
DOGE
|
0.89305586 |
details, prediction |
Vechain
VET
|
0.88814574 |
details, prediction |
Second tier
|
Internet of Services
IOST
|
0.9440499 |
details, prediction |
Siacoin
SC
|
0.9264406 |
details, prediction |
Verge
XVG
|
0.9252641 |
details, prediction |
ZCash
ZEC
|
0.9179586 |
details, prediction |
DASH
DASH
|
0.91594106 |
details, prediction |
Third tier
|
The Hempcoin
THC
|
0.9612557 |
details, prediction |
ZClassic
ZCL
|
0.9515662 |
details, prediction |
BHPCash
BHPC
|
0.95123273 |
details, prediction |
CWV Chain
CWV
|
0.9496201 |
details, prediction |
Elastos
ELA
|
0.93827915 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that CannabisCoin 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 CannabisCoin
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
USD//Coin
USDC
|
-0.18702334 |
details, prediction |
Bitcoin SV
BSV
|
0.311855 |
details, prediction |
Theta
THETA
|
0.35988846 |
details, prediction |
Maker
MKR
|
0.42605692 |
details, prediction |
TRON
TRX
|
0.46758318 |
details, prediction |
Second tier
|
Dai
DAI
|
-0.61738163 |
details, prediction |
Dent
DENT
|
-0.55316776 |
details, prediction |
XYO Network
XYO
|
-0.53174496 |
details, prediction |
BitTorrent
BTT
|
-0.35058844 |
details, prediction |
Quant Network
QNT
|
-0.21783642 |
details, prediction |
Third tier
|
Neumarks
NEU
|
-0.7557818 |
details, prediction |
WeAreSatoshi
WSX
|
-0.753842 |
details, prediction |
BOScoin
BOS
|
-0.711716 |
details, prediction |
Xaurum
XAUR
|
-0.70258623 |
details, prediction |
Pura
PURA
|
-0.70057327 |
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)