Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Matic Network
MATIC
|
0.4365892 |
details, prediction |
KuCoin Shares
KCS
|
0.43652222 |
details, prediction |
Litecoin
LTC
|
0.4152451 |
details, prediction |
Tezos
XTZ
|
0.4012228 |
details, prediction |
Fantom
FTM
|
0.40037775 |
details, prediction |
Second tier
|
Gas
GAS
|
0.62496436 |
details, prediction |
Huobi Token
HT
|
0.55585957 |
details, prediction |
MonaCoin
MONA
|
0.52987236 |
details, prediction |
Decentraland
MANA
|
0.4754976 |
details, prediction |
XYO Network
XYO
|
0.4401702 |
details, prediction |
Third tier
|
Kambria
KAT
|
0.83737475 |
details, prediction |
BOX Token
BOX
|
0.7293768 |
details, prediction |
WAX
WAX
|
0.6421637 |
details, prediction |
SwftCoin
SWFTC
|
0.60723007 |
details, prediction |
Metaverse
ETP
|
0.58745474 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Patientory 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 Patientory
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Monero
XMR
|
-0.14742011 |
details, prediction |
Ethereum Classic
ETC
|
-0.07864811 |
details, prediction |
Chiliz
CHZ
|
0.04502841 |
details, prediction |
TRON
TRX
|
0.058630247 |
details, prediction |
Vechain
VET
|
0.06888326 |
details, prediction |
Second tier
|
Kyber Network
KNC
|
-0.269827 |
details, prediction |
Waves
WAVES
|
-0.24133514 |
details, prediction |
Zilliqa
ZIL
|
-0.2127559 |
details, prediction |
ZCash
ZEC
|
-0.18540916 |
details, prediction |
Lisk
LSK
|
-0.11427562 |
details, prediction |
Third tier
|
Nimiq
NET
|
-0.37416798 |
details, prediction |
CloakCoin
CLOAK
|
-0.35325593 |
details, prediction |
Time New Bank
TNB
|
-0.32005122 |
details, prediction |
Seele
SEELE
|
-0.306412 |
details, prediction |
Linker Coin
LNC
|
-0.30237773 |
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)