Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.8908433 |
details, prediction |
Cardano
ADA
|
0.88512224 |
details, prediction |
Monero
XMR
|
0.87355554 |
details, prediction |
Litecoin
LTC
|
0.84702957 |
details, prediction |
XRP
XRP
|
0.8469509 |
details, prediction |
|
Second tier
|
Status
SNT
|
0.9367912 |
details, prediction |
EOS
EOS
|
0.93606776 |
details, prediction |
Bitcoin Gold
BTG
|
0.93563294 |
details, prediction |
Synthetix Network Token
SNX
|
0.9191834 |
details, prediction |
Telcoin
TEL
|
0.9136629 |
details, prediction |
|
Third tier
|
Kleros
PNK
|
0.9602791 |
details, prediction |
Internet of Services
IOST
|
0.9323869 |
details, prediction |
ARK
ARK
|
0.92428476 |
details, prediction |
Lisk
LSK
|
0.919903 |
details, prediction |
PIVX
PIVX
|
0.918719 |
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
|
-0.7011077 |
details, prediction |
UNUS SED LEO
LEO
|
0.30105597 |
details, prediction |
ZCash
ZEC
|
0.4536209 |
details, prediction |
Ethereum
ETH
|
0.71340203 |
details, prediction |
ChainLink
LINK
|
0.72840816 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.25351465 |
details, prediction |
Decred
DCR
|
-0.12642014 |
details, prediction |
Nexo
NEXO
|
0.24150065 |
details, prediction |
True USD
TUSD
|
0.29903793 |
details, prediction |
Algorand
ALGO
|
0.4263629 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.4152732 |
details, prediction |
OPEN Platform
OPEN
|
-0.22316217 |
details, prediction |
Enjin Coin
ENJ
|
-0.06006926 |
details, prediction |
LAToken
LA
|
-0.057248894 |
details, prediction |
HEROcoin
PLAY
|
0.07425758 |
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)