Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.84369236 |
details, prediction |
XRP
XRP
|
0.8140544 |
details, prediction |
KuCoin Shares
KCS
|
0.67109066 |
details, prediction |
Bitcoin Cash
BCH
|
0.66127044 |
details, prediction |
Bitcoin
BTC
|
0.62070125 |
details, prediction |
|
Second tier
|
NEO
NEO
|
0.84125614 |
details, prediction |
Nexo
NEXO
|
0.81753016 |
details, prediction |
Verge
XVG
|
0.77496207 |
details, prediction |
Algorand
ALGO
|
0.7638008 |
details, prediction |
QTUM
QTUM
|
0.7543828 |
details, prediction |
|
Third tier
|
PIVX
PIVX
|
0.8735792 |
details, prediction |
Gas
GAS
|
0.8507493 |
details, prediction |
Ontology
ONT
|
0.81420594 |
details, prediction |
Stox
STX
|
0.8060643 |
details, prediction |
SingularityNET
AGI
|
0.79313374 |
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
|
TRON
TRX
|
0.120428406 |
details, prediction |
Monero
XMR
|
0.31033617 |
details, prediction |
Cardano
ADA
|
0.3775567 |
details, prediction |
Ethereum
ETH
|
0.4776257 |
details, prediction |
ChainLink
LINK
|
0.4996258 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.14079678 |
details, prediction |
aelf
ELF
|
-0.10085538 |
details, prediction |
True USD
TUSD
|
-0.09317587 |
details, prediction |
Dai
DAI
|
0.002736116 |
details, prediction |
DigiByte
DGB
|
0.0035166054 |
details, prediction |
|
Third tier
|
Dero
DERO
|
-0.62753916 |
details, prediction |
NKN
NKN
|
-0.60129195 |
details, prediction |
Matrix AI Network
MAN
|
-0.35285762 |
details, prediction |
OPEN Platform
OPEN
|
-0.2781203 |
details, prediction |
ICON
ICX
|
-0.21724069 |
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)