Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Monero
XMR
|
0.770048 |
details, prediction |
Bitcoin
BTC
|
0.750052 |
details, prediction |
Ethereum Classic
ETC
|
0.72808623 |
details, prediction |
Stellar
XLM
|
0.7266992 |
details, prediction |
ZCash
ZEC
|
0.7121048 |
details, prediction |
|
Second tier
|
EOS
EOS
|
0.91886574 |
details, prediction |
Request Network
REQ
|
0.8001291 |
details, prediction |
DASH
DASH
|
0.7753761 |
details, prediction |
NEO
NEO
|
0.77404684 |
details, prediction |
FTX Token
FTT
|
0.7719469 |
details, prediction |
|
Third tier
|
Kleros
PNK
|
0.9603259 |
details, prediction |
Metal
MTL
|
0.8224492 |
details, prediction |
PIVX
PIVX
|
0.8095693 |
details, prediction |
Internet of Services
IOST
|
0.79159564 |
details, prediction |
Electroneum
ETN
|
0.78553015 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that QuarkChain 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 QuarkChain
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.24875796 |
details, prediction |
Binance Coin
BNB
|
0.25022236 |
details, prediction |
KuCoin Shares
KCS
|
0.26737556 |
details, prediction |
Dogecoin
DOGE
|
0.3974849 |
details, prediction |
Bitcoin Cash
BCH
|
0.42002687 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.23595835 |
details, prediction |
Zilliqa
ZIL
|
0.1071802 |
details, prediction |
True USD
TUSD
|
0.22976346 |
details, prediction |
Verge
XVG
|
0.2547727 |
details, prediction |
Decred
DCR
|
0.43097907 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.29245138 |
details, prediction |
Constellation
DAG
|
-0.29162097 |
details, prediction |
Dero
DERO
|
0.10173928 |
details, prediction |
Propy
PRO
|
0.38627774 |
details, prediction |
BOScoin
BOS
|
0.414364 |
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)