Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
TRON
TRX
|
0.40723702 |
details, prediction |
KuCoin Shares
KCS
|
-0.38638395 |
details, prediction |
Huobi Token
HT
|
-0.4102905 |
details, prediction |
Monero
XMR
|
-0.44962123 |
details, prediction |
Dogecoin
DOGE
|
-0.4508906 |
details, prediction |
Second tier
|
Dai
DAI
|
0.5704355 |
details, prediction |
USD//Coin
USDC
|
0.55069935 |
details, prediction |
True USD
TUSD
|
0.47701493 |
details, prediction |
Propy
PRO
|
0.45792732 |
details, prediction |
EthLend
LEND
|
0.34024414 |
details, prediction |
Third tier
|
Mobius
MOBI
|
0.6001198 |
details, prediction |
FeatherCoin
FTC
|
0.52448016 |
details, prediction |
Time New Bank
TNB
|
0.49482515 |
details, prediction |
Upfiring
UFR
|
0.42122555 |
details, prediction |
Quantum Resistant Ledger
QRL
|
0.36375362 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Envion 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 Envion
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Bitcoin
BTC
|
-0.64207876 |
details, prediction |
Decentraland
MANA
|
-0.63858825 |
details, prediction |
ZCash
ZEC
|
-0.63659567 |
details, prediction |
Ethereum Classic
ETC
|
-0.62930423 |
details, prediction |
FTX Token
FTT
|
-0.62532413 |
details, prediction |
Second tier
|
Telcoin
TEL
|
-0.6529894 |
details, prediction |
aelf
ELF
|
-0.6453662 |
details, prediction |
Bitcoin Diamond
BCD
|
-0.6381521 |
details, prediction |
Quant Network
QNT
|
-0.6353654 |
details, prediction |
Loopring
LRC
|
-0.6309239 |
details, prediction |
Third tier
|
PinkCoin
PINK
|
-0.72123426 |
details, prediction |
Nxt
NXT
|
-0.7135649 |
details, prediction |
GXChain
GXC
|
-0.7037728 |
details, prediction |
Cryptonex
CNX
|
-0.6995139 |
details, prediction |
Curecoin
CURE
|
-0.693736 |
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)