Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.94372904 |
details, prediction |
Litecoin
LTC
|
0.93699026 |
details, prediction |
Ethereum
ETH
|
0.9212268 |
details, prediction |
Monero
XMR
|
0.91806954 |
details, prediction |
Binance Coin
BNB
|
0.9137327 |
details, prediction |
|
Second tier
|
Huobi Token
HT
|
0.941223 |
details, prediction |
Vechain
VET
|
0.93840396 |
details, prediction |
NEO
NEO
|
0.9375489 |
details, prediction |
Nano
NANO
|
0.9349433 |
details, prediction |
DigiByte
DGB
|
0.9295954 |
details, prediction |
|
Third tier
|
ugChain
UGC
|
0.94569397 |
details, prediction |
Bitshares
BTS
|
0.9445042 |
details, prediction |
EarthCoin
EAC
|
0.94324493 |
details, prediction |
Lisk
LSK
|
0.943069 |
details, prediction |
High Performance Blockchain
HPB
|
0.94205433 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that InvestFeed 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 InvestFeed
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
0.24777709 |
details, prediction |
Maker
MKR
|
0.48527274 |
details, prediction |
XRP
XRP
|
0.58003944 |
details, prediction |
Stellar
XLM
|
0.79803246 |
details, prediction |
TRON
TRX
|
0.8124067 |
details, prediction |
|
Second tier
|
Paxos Standard
PAX
|
-0.60495776 |
details, prediction |
Dai
DAI
|
-0.47575057 |
details, prediction |
True USD
TUSD
|
-0.46749747 |
details, prediction |
USD//Coin
USDC
|
-0.33924788 |
details, prediction |
Nexo
NEXO
|
-0.0060840235 |
details, prediction |
|
Third tier
|
CWV Chain
CWV
|
-0.8669805 |
details, prediction |
Darico
DEC
|
-0.8244286 |
details, prediction |
Chainium
CHX
|
-0.79660904 |
details, prediction |
Factom
FCT
|
-0.7730394 |
details, prediction |
Tycoon Global
TCT
|
-0.7165096 |
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)