Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Cardano
ADA
|
0.9142592 |
details, prediction |
Crypto.com Chain
CRO
|
0.9004204 |
details, prediction |
Bitcoin
BTC
|
0.88602275 |
details, prediction |
Tezos
XTZ
|
0.88223237 |
details, prediction |
NEO
NEO
|
0.8745997 |
details, prediction |
Second tier
|
Kyber Network
KNC
|
0.9481822 |
details, prediction |
Gas
GAS
|
0.9317882 |
details, prediction |
Request Network
REQ
|
0.9270781 |
details, prediction |
Zilliqa
ZIL
|
0.92655385 |
details, prediction |
ICON
ICX
|
0.92461383 |
details, prediction |
Third tier
|
Melon
MLN
|
0.93423146 |
details, prediction |
district0x
DNT
|
0.9212954 |
details, prediction |
Augur
REP
|
0.9166794 |
details, prediction |
Bancor
BNT
|
0.89331764 |
details, prediction |
V Systems
VSYS
|
0.8906568 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Cappasity 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 Cappasity
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
USD//Coin
USDC
|
-0.3775401 |
details, prediction |
SONM
SNM
|
-0.27971292 |
details, prediction |
XRP
XRP
|
-0.20293358 |
details, prediction |
UNUS SED LEO
LEO
|
0.19036545 |
details, prediction |
Chiliz
CHZ
|
0.27843407 |
details, prediction |
Second tier
|
Huobi Token
HT
|
-0.47222656 |
details, prediction |
Dai
DAI
|
-0.42326406 |
details, prediction |
True USD
TUSD
|
-0.39313385 |
details, prediction |
Propy
PRO
|
-0.06520442 |
details, prediction |
SwissBorg
CHSB
|
0.019431982 |
details, prediction |
Third tier
|
Presearch
PRE
|
-0.704625 |
details, prediction |
HEROcoin
PLAY
|
-0.68284297 |
details, prediction |
CargoX
CXO
|
-0.62874305 |
details, prediction |
Viberate
VIB
|
-0.59365946 |
details, prediction |
OAX
OAX
|
-0.54560727 |
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)