Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.7451173 |
details, prediction |
Ethereum Classic
ETC
|
0.6776987 |
details, prediction |
XRP
XRP
|
0.6435163 |
details, prediction |
Litecoin
LTC
|
0.61355674 |
details, prediction |
Binance Coin
BNB
|
0.61006594 |
details, prediction |
|
Second tier
|
IOTA
IOT
|
0.7210616 |
details, prediction |
Telcoin
TEL
|
0.6948732 |
details, prediction |
Zilliqa
ZIL
|
0.67641306 |
details, prediction |
QTUM
QTUM
|
0.67019796 |
details, prediction |
Decentraland
MANA
|
0.6686635 |
details, prediction |
|
Third tier
|
Internet of Services
IOST
|
0.8391989 |
details, prediction |
Lisk
LSK
|
0.77847683 |
details, prediction |
QuarkChain
QKC
|
0.74369067 |
details, prediction |
Power Ledger
POWR
|
0.7305804 |
details, prediction |
Civic
CVC
|
0.68588686 |
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
|
-0.20177841 |
details, prediction |
KuCoin Shares
KCS
|
-0.09582763 |
details, prediction |
Stellar
XLM
|
0.12884974 |
details, prediction |
Ethereum
ETH
|
0.16590458 |
details, prediction |
Bitcoin Cash
BCH
|
0.20427498 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.39997658 |
details, prediction |
Dai
DAI
|
-0.37918106 |
details, prediction |
True USD
TUSD
|
-0.26732382 |
details, prediction |
Chiliz
CHZ
|
-0.016776916 |
details, prediction |
Synthetix Network Token
SNX
|
-0.0023618483 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.37773207 |
details, prediction |
Ontology
ONT
|
-0.36648995 |
details, prediction |
NKN
NKN
|
-0.31655765 |
details, prediction |
HEROcoin
PLAY
|
-0.27028432 |
details, prediction |
Kambria
KAT
|
-0.17077412 |
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)