Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Litecoin
LTC
|
0.88289696 |
details, prediction |
Ethereum Classic
ETC
|
0.8335891 |
details, prediction |
Bitcoin Cash
BCH
|
0.78857553 |
details, prediction |
ZCash
ZEC
|
0.7532995 |
details, prediction |
Dogecoin
DOGE
|
0.6913194 |
details, prediction |
|
Second tier
|
Algorand
ALGO
|
0.87259173 |
details, prediction |
NEO
NEO
|
0.8255203 |
details, prediction |
Tezos
XTZ
|
0.82168937 |
details, prediction |
Decentraland
MANA
|
0.8130368 |
details, prediction |
Siacoin
SC
|
0.79818743 |
details, prediction |
|
Third tier
|
ARK
ARK
|
0.86442375 |
details, prediction |
Steem
STEEM
|
0.8206395 |
details, prediction |
Power Ledger
POWR
|
0.81410515 |
details, prediction |
QuarkChain
QKC
|
0.80654097 |
details, prediction |
Civic
CVC
|
0.7829354 |
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
|
TRON
TRX
|
0.079734184 |
details, prediction |
KuCoin Shares
KCS
|
0.43704045 |
details, prediction |
Ethereum
ETH
|
0.57828605 |
details, prediction |
Monero
XMR
|
0.59162813 |
details, prediction |
XRP
XRP
|
0.60742295 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
-0.53666925 |
details, prediction |
Bitcoin Gold
BTG
|
-0.4870496 |
details, prediction |
USD//Coin
USDC
|
-0.30684412 |
details, prediction |
True USD
TUSD
|
-0.2914642 |
details, prediction |
aelf
ELF
|
0.0911136 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.4617048 |
details, prediction |
Propy
PRO
|
-0.4531392 |
details, prediction |
HEROcoin
PLAY
|
-0.4331638 |
details, prediction |
ICON
ICX
|
-0.41331652 |
details, prediction |
Storj
STORJ
|
-0.3728414 |
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)