Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.9182438 |
details, prediction |
Cardano
ADA
|
0.91636366 |
details, prediction |
Litecoin
LTC
|
0.90631986 |
details, prediction |
Stellar
XLM
|
0.90473235 |
details, prediction |
Crypto.com Chain
CRO
|
0.8888432 |
details, prediction |
|
Second tier
|
0x
ZRX
|
0.9741872 |
details, prediction |
Horizen
ZEN
|
0.9710362 |
details, prediction |
Decentraland
MANA
|
0.96618587 |
details, prediction |
Basic Attention Token
BAT
|
0.9625892 |
details, prediction |
Telcoin
TEL
|
0.95973164 |
details, prediction |
|
Third tier
|
SwftCoin
SWFTC
|
0.97751033 |
details, prediction |
Bancor
BNT
|
0.96999955 |
details, prediction |
Lisk
LSK
|
0.9698706 |
details, prediction |
Civic
CVC
|
0.9608465 |
details, prediction |
Metal
MTL
|
0.95811677 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that aelf 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 aelf
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.5930536 |
details, prediction |
UNUS SED LEO
LEO
|
0.1290543 |
details, prediction |
Binance Coin
BNB
|
0.4978165 |
details, prediction |
Dogecoin
DOGE
|
0.7048601 |
details, prediction |
XRP
XRP
|
0.76343054 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.4379317 |
details, prediction |
Decred
DCR
|
-0.23633727 |
details, prediction |
True USD
TUSD
|
0.056010086 |
details, prediction |
Verge
XVG
|
0.5072984 |
details, prediction |
Zilliqa
ZIL
|
0.6121228 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.1258969 |
details, prediction |
Dent
DENT
|
-0.016141301 |
details, prediction |
HEROcoin
PLAY
|
0.042033743 |
details, prediction |
Dero
DERO
|
0.2915395 |
details, prediction |
NKN
NKN
|
0.29764897 |
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)