Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum
ETH
|
0.71594155 |
details, prediction |
Bitcoin
BTC
|
0.713615 |
details, prediction |
XRP
XRP
|
0.6734887 |
details, prediction |
Litecoin
LTC
|
0.62989223 |
details, prediction |
ChainLink
LINK
|
0.6058111 |
details, prediction |
|
Second tier
|
Theta
THETA
|
0.7614717 |
details, prediction |
Nexo
NEXO
|
0.69684756 |
details, prediction |
HoloToken
HOT
|
0.6737567 |
details, prediction |
0x
ZRX
|
0.67083454 |
details, prediction |
Chiliz
CHZ
|
0.6568503 |
details, prediction |
|
Third tier
|
LAToken
LA
|
0.8152889 |
details, prediction |
Chronobank
TIME
|
0.78923 |
details, prediction |
HEROcoin
PLAY
|
0.68739194 |
details, prediction |
Kambria
KAT
|
0.6767247 |
details, prediction |
Hydro Protocol
HOT
|
0.6718283 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Enjin Coin 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 Enjin Coin
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.3425621 |
details, prediction |
TRON
TRX
|
-0.17226629 |
details, prediction |
ZCash
ZEC
|
-0.053594787 |
details, prediction |
Crypto.com Chain
CRO
|
0.4032644 |
details, prediction |
Binance Coin
BNB
|
0.43197685 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.7756835 |
details, prediction |
USD//Coin
USDC
|
-0.73129916 |
details, prediction |
Telcoin
TEL
|
-0.25363958 |
details, prediction |
True USD
TUSD
|
-0.2238666 |
details, prediction |
OriginTrail
TRAC
|
-0.10521398 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
-0.8840212 |
details, prediction |
Komodo
KMD
|
-0.67742586 |
details, prediction |
V Systems
VSYS
|
-0.32112983 |
details, prediction |
Matrix AI Network
MAN
|
-0.03979461 |
details, prediction |
Wanchain
WAN
|
-0.003098454 |
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)