Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.78794557 |
details, prediction |
KuCoin Shares
KCS
|
0.7435301 |
details, prediction |
ZCash
ZEC
|
0.69678324 |
details, prediction |
XRP
XRP
|
0.6462613 |
details, prediction |
Bitcoin Cash
BCH
|
0.635784 |
details, prediction |
|
Second tier
|
Request Network
REQ
|
0.85155505 |
details, prediction |
Waves
WAVES
|
0.83005524 |
details, prediction |
Bitcoin Gold
BTG
|
0.825174 |
details, prediction |
Siacoin
SC
|
0.7935055 |
details, prediction |
Status
SNT
|
0.78624034 |
details, prediction |
|
Third tier
|
Komodo
KMD
|
0.9476795 |
details, prediction |
Ontology
ONT
|
0.900437 |
details, prediction |
Chronobank
TIME
|
0.89516073 |
details, prediction |
Gas
GAS
|
0.8635062 |
details, prediction |
BOScoin
BOS
|
0.83939564 |
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
|
0.055924766 |
details, prediction |
TRON
TRX
|
0.16761948 |
details, prediction |
Crypto.com Chain
CRO
|
0.31255555 |
details, prediction |
ChainLink
LINK
|
0.33421755 |
details, prediction |
Litecoin
LTC
|
0.517662 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.45954892 |
details, prediction |
Dai
DAI
|
0.23400505 |
details, prediction |
Cosmos
ATOM
|
0.2379766 |
details, prediction |
Vechain
VET
|
0.2550572 |
details, prediction |
Theta
THETA
|
0.2604313 |
details, prediction |
|
Third tier
|
BABB
BAX
|
-0.4949611 |
details, prediction |
Dent
DENT
|
-0.21488754 |
details, prediction |
Propy
PRO
|
0.09697303 |
details, prediction |
NEM
XEM
|
0.17833905 |
details, prediction |
FunFair
FUN
|
0.23751114 |
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)