Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.985568 |
details, prediction |
Litecoin
LTC
|
0.9835337 |
details, prediction |
Ethereum Classic
ETC
|
0.9777902 |
details, prediction |
Cardano
ADA
|
0.97384757 |
details, prediction |
ZCash
ZEC
|
0.97122335 |
details, prediction |
|
Second tier
|
NEO
NEO
|
0.982087 |
details, prediction |
DASH
DASH
|
0.9706849 |
details, prediction |
IOTA
IOT
|
0.9686019 |
details, prediction |
Ardor
ARDR
|
0.93407357 |
details, prediction |
Tezos
XTZ
|
0.9331659 |
details, prediction |
|
Third tier
|
Kleros
PNK
|
0.9719733 |
details, prediction |
NKN
NKN
|
0.9602031 |
details, prediction |
ARK
ARK
|
0.94609267 |
details, prediction |
Electroneum
ETN
|
0.94097525 |
details, prediction |
QuarkChain
QKC
|
0.93606776 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that EOS 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 EOS
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.36869687 |
details, prediction |
Binance Coin
BNB
|
0.6759285 |
details, prediction |
Dogecoin
DOGE
|
0.6946002 |
details, prediction |
UNUS SED LEO
LEO
|
0.7034201 |
details, prediction |
ChainLink
LINK
|
0.78977233 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.47936708 |
details, prediction |
Decred
DCR
|
-0.23276348 |
details, prediction |
Verge
XVG
|
0.05402255 |
details, prediction |
Zilliqa
ZIL
|
0.18513775 |
details, prediction |
True USD
TUSD
|
0.5551096 |
details, prediction |
|
Third tier
|
Dero
DERO
|
0.04854738 |
details, prediction |
Dent
DENT
|
0.39857185 |
details, prediction |
Propy
PRO
|
0.45736068 |
details, prediction |
FunFair
FUN
|
0.6373604 |
details, prediction |
Gas
GAS
|
0.6535779 |
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)