Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.768289 |
details, prediction |
Dogecoin
DOGE
|
0.74052346 |
details, prediction |
Ethereum Classic
ETC
|
0.64786065 |
details, prediction |
KuCoin Shares
KCS
|
0.45047474 |
details, prediction |
Bitcoin Cash
BCH
|
0.43254527 |
details, prediction |
|
Second tier
|
Basic Attention Token
BAT
|
0.9146293 |
details, prediction |
iEx.ec
RLC
|
0.900615 |
details, prediction |
Zilliqa
ZIL
|
0.8979439 |
details, prediction |
Cosmos
ATOM
|
0.89147455 |
details, prediction |
FTX Token
FTT
|
0.8901033 |
details, prediction |
|
Third tier
|
Internet of Services
IOST
|
0.9674808 |
details, prediction |
SwftCoin
SWFTC
|
0.9455154 |
details, prediction |
Kambria
KAT
|
0.94310766 |
details, prediction |
Civic
CVC
|
0.9319495 |
details, prediction |
ARK
ARK
|
0.907404 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Chiliz 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 Chiliz
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Monero
XMR
|
-0.40144026 |
details, prediction |
Ethereum
ETH
|
-0.37154937 |
details, prediction |
ChainLink
LINK
|
-0.337218 |
details, prediction |
ZCash
ZEC
|
-0.2809116 |
details, prediction |
Bitcoin
BTC
|
-0.09227112 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.83903354 |
details, prediction |
DigiByte
DGB
|
-0.5344292 |
details, prediction |
Bitcoin SV
BSV
|
-0.40931466 |
details, prediction |
HoloToken
HOT
|
-0.18597959 |
details, prediction |
Decred
DCR
|
-0.16552117 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.6454346 |
details, prediction |
Propy
PRO
|
-0.5721996 |
details, prediction |
NKN
NKN
|
-0.47133872 |
details, prediction |
Hydro Protocol
HOT
|
-0.26543906 |
details, prediction |
Phantasma
SOUL
|
-0.20405333 |
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)