Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
0.9474465 |
details, prediction |
Cardano
ADA
|
0.88954216 |
details, prediction |
Litecoin
LTC
|
0.8835813 |
details, prediction |
UNUS SED LEO
LEO
|
0.8562105 |
details, prediction |
Bitcoin
BTC
|
0.85449755 |
details, prediction |
|
Second tier
|
NEO
NEO
|
0.93517584 |
details, prediction |
QTUM
QTUM
|
0.9104626 |
details, prediction |
Synthetix Network Token
SNX
|
0.901881 |
details, prediction |
Zilliqa
ZIL
|
0.8902545 |
details, prediction |
Bitcoin Gold
BTG
|
0.8858459 |
details, prediction |
|
Third tier
|
Stox
STX
|
0.9145119 |
details, prediction |
Storj
STORJ
|
0.8973143 |
details, prediction |
Civic
CVC
|
0.8875265 |
details, prediction |
Internet of Services
IOST
|
0.88481355 |
details, prediction |
Power Ledger
POWR
|
0.87715507 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Ethereum Classic 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 Ethereum Classic
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.59543455 |
details, prediction |
TRON
TRX
|
0.16789271 |
details, prediction |
ZCash
ZEC
|
0.20713028 |
details, prediction |
Binance Coin
BNB
|
0.5467014 |
details, prediction |
Monero
XMR
|
0.66518486 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.5736941 |
details, prediction |
USD//Coin
USDC
|
-0.544456 |
details, prediction |
OriginTrail
TRAC
|
-0.23190832 |
details, prediction |
True USD
TUSD
|
-0.20388345 |
details, prediction |
Telcoin
TEL
|
0.092731014 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.33095556 |
details, prediction |
FunFair
FUN
|
0.06144168 |
details, prediction |
Chronobank
TIME
|
0.25939575 |
details, prediction |
Ontology
ONT
|
0.26880634 |
details, prediction |
NKN
NKN
|
0.27100456 |
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)