Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.50654644 |
details, prediction |
KuCoin Shares
KCS
|
0.14721967 |
details, prediction |
Ethereum Classic
ETC
|
-0.03097315 |
details, prediction |
Dogecoin
DOGE
|
-0.05097317 |
details, prediction |
TRON
TRX
|
-0.0601391 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
0.8372069 |
details, prediction |
True USD
TUSD
|
0.7516591 |
details, prediction |
USD//Coin
USDC
|
0.73947835 |
details, prediction |
Telcoin
TEL
|
0.70792955 |
details, prediction |
Waves
WAVES
|
0.70521724 |
details, prediction |
|
Third tier
|
Storj
STORJ
|
0.8659164 |
details, prediction |
ICON
ICX
|
0.823407 |
details, prediction |
PIVX
PIVX
|
0.81070566 |
details, prediction |
Matrix AI Network
MAN
|
0.7497054 |
details, prediction |
SwftCoin
SWFTC
|
0.7436717 |
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
|
Monero
XMR
|
-0.8066829 |
details, prediction |
ZCash
ZEC
|
-0.76387745 |
details, prediction |
ChainLink
LINK
|
-0.7447718 |
details, prediction |
Ethereum
ETH
|
-0.69585055 |
details, prediction |
Binance Coin
BNB
|
-0.68223625 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
-0.6880943 |
details, prediction |
Decred
DCR
|
-0.6806759 |
details, prediction |
Horizen
ZEN
|
-0.6370299 |
details, prediction |
Vechain
VET
|
-0.6155462 |
details, prediction |
Bitcoin SV
BSV
|
-0.614494 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.5438437 |
details, prediction |
Dent
DENT
|
-0.52573746 |
details, prediction |
Bancor
BNT
|
-0.46737492 |
details, prediction |
Stox
STX
|
-0.33902583 |
details, prediction |
Hydro Protocol
HOT
|
-0.30748862 |
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)