Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.5725119 |
details, prediction |
Ethereum Classic
ETC
|
0.43805808 |
details, prediction |
Dogecoin
DOGE
|
0.3387983 |
details, prediction |
KuCoin Shares
KCS
|
0.2985385 |
details, prediction |
Bitcoin Cash
BCH
|
0.109772004 |
details, prediction |
|
Second tier
|
Telcoin
TEL
|
0.807551 |
details, prediction |
Zilliqa
ZIL
|
0.74354845 |
details, prediction |
Basic Attention Token
BAT
|
0.73840886 |
details, prediction |
Waves
WAVES
|
0.73057705 |
details, prediction |
Status
SNT
|
0.687143 |
details, prediction |
|
Third tier
|
PIVX
PIVX
|
0.7500948 |
details, prediction |
Storj
STORJ
|
0.7015857 |
details, prediction |
Internet of Services
IOST
|
0.6943401 |
details, prediction |
Civic
CVC
|
0.6893814 |
details, prediction |
Enjin Coin
ENJ
|
0.6843526 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Electroneum 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 Electroneum
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Monero
XMR
|
-0.52805066 |
details, prediction |
Ethereum
ETH
|
-0.5211945 |
details, prediction |
ChainLink
LINK
|
-0.49322104 |
details, prediction |
ZCash
ZEC
|
-0.34351462 |
details, prediction |
TRON
TRX
|
-0.3100697 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
-0.81456524 |
details, prediction |
Decred
DCR
|
-0.47394815 |
details, prediction |
Bitcoin SV
BSV
|
-0.44947675 |
details, prediction |
HoloToken
HOT
|
-0.2843618 |
details, prediction |
Vechain
VET
|
-0.05190919 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.6568072 |
details, prediction |
Hydro Protocol
HOT
|
-0.3478463 |
details, prediction |
AdEx
ADX
|
-0.31875977 |
details, prediction |
Dent
DENT
|
-0.19341543 |
details, prediction |
NKN
NKN
|
-0.18425567 |
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)