Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
0.93742156 |
details, prediction |
Cardano
ADA
|
0.80751073 |
details, prediction |
Litecoin
LTC
|
0.7592361 |
details, prediction |
Bitcoin Cash
BCH
|
0.7499143 |
details, prediction |
XRP
XRP
|
0.71815515 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
0.9129022 |
details, prediction |
Tezos
XTZ
|
0.78959745 |
details, prediction |
Theta Fuel
TFUEL
|
0.7706419 |
details, prediction |
Zilliqa
ZIL
|
0.77059984 |
details, prediction |
Waves
WAVES
|
0.76756704 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.92216927 |
details, prediction |
Stox
STX
|
0.90947855 |
details, prediction |
SingularityNET
AGI
|
0.80696565 |
details, prediction |
Komodo
KMD
|
0.80268896 |
details, prediction |
Dent
DENT
|
0.7821446 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Elastos 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 Elastos
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
-0.9863611 |
details, prediction |
Stellar
XLM
|
-0.5343632 |
details, prediction |
ZCash
ZEC
|
-0.17336257 |
details, prediction |
TRON
TRX
|
-0.17162788 |
details, prediction |
Binance Coin
BNB
|
0.32236195 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.53342474 |
details, prediction |
Dai
DAI
|
-0.4384282 |
details, prediction |
True USD
TUSD
|
-0.30556467 |
details, prediction |
OriginTrail
TRAC
|
-0.30337858 |
details, prediction |
Telcoin
TEL
|
-0.087817006 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.45359746 |
details, prediction |
HEROcoin
PLAY
|
-0.06811663 |
details, prediction |
Enjin Coin
ENJ
|
-3.128007E-4 |
details, prediction |
V Systems
VSYS
|
0.05107102 |
details, prediction |
Ontology
ONT
|
0.16341259 |
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)