Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Binance Coin
BNB
|
0.90359056 |
details, prediction |
KuCoin Shares
KCS
|
0.88709706 |
details, prediction |
XRP
XRP
|
0.8767103 |
details, prediction |
Litecoin
LTC
|
0.86127967 |
details, prediction |
Cardano
ADA
|
0.8587173 |
details, prediction |
|
Second tier
|
Status
SNT
|
0.8926441 |
details, prediction |
Bitcoin Gold
BTG
|
0.8895723 |
details, prediction |
Synthetix Network Token
SNX
|
0.8821683 |
details, prediction |
Telcoin
TEL
|
0.87636435 |
details, prediction |
aelf
ELF
|
0.871367 |
details, prediction |
|
Third tier
|
SingularityNET
AGI
|
0.9434345 |
details, prediction |
Lisk
LSK
|
0.90359676 |
details, prediction |
Civic
CVC
|
0.8646169 |
details, prediction |
ARK
ARK
|
0.85287154 |
details, prediction |
SwftCoin
SWFTC
|
0.8523301 |
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
|
-0.4005517 |
details, prediction |
ZCash
ZEC
|
0.17213552 |
details, prediction |
UNUS SED LEO
LEO
|
0.27222696 |
details, prediction |
Bitcoin
BTC
|
0.4755462 |
details, prediction |
Ethereum
ETH
|
0.48201957 |
details, prediction |
|
Second tier
|
Nexo
NEXO
|
-0.34514323 |
details, prediction |
Decred
DCR
|
-0.14171727 |
details, prediction |
Algorand
ALGO
|
0.13770069 |
details, prediction |
HoloToken
HOT
|
0.14950466 |
details, prediction |
Bitcoin SV
BSV
|
0.2219558 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.403607 |
details, prediction |
Ontology
ONT
|
-0.36823317 |
details, prediction |
Enjin Coin
ENJ
|
-0.20484619 |
details, prediction |
Propy
PRO
|
-0.17243202 |
details, prediction |
NKN
NKN
|
7.144032E-5 |
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)