Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Litecoin
LTC
|
0.9207431 |
details, prediction |
XRP
XRP
|
0.87454545 |
details, prediction |
Ethereum
ETH
|
0.8590142 |
details, prediction |
Crypto.com Chain
CRO
|
0.8477408 |
details, prediction |
Cardano
ADA
|
0.8471797 |
details, prediction |
|
Second tier
|
Zilliqa
ZIL
|
0.9303571 |
details, prediction |
Vechain
VET
|
0.9265268 |
details, prediction |
Tezos
XTZ
|
0.92149615 |
details, prediction |
Nexo
NEXO
|
0.91949624 |
details, prediction |
Decentraland
MANA
|
0.9142224 |
details, prediction |
|
Third tier
|
Lisk
LSK
|
0.9667014 |
details, prediction |
ARK
ARK
|
0.95777076 |
details, prediction |
Internet of Services
IOST
|
0.9300947 |
details, prediction |
LAToken
LA
|
0.92876583 |
details, prediction |
Hydro Protocol
HOT
|
0.9141032 |
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
|
UNUS SED LEO
LEO
|
-0.94435745 |
details, prediction |
TRON
TRX
|
-0.5007119 |
details, prediction |
Stellar
XLM
|
-0.47833318 |
details, prediction |
ZCash
ZEC
|
-0.22872598 |
details, prediction |
Binance Coin
BNB
|
0.029789997 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.7616963 |
details, prediction |
USD//Coin
USDC
|
-0.7017487 |
details, prediction |
OriginTrail
TRAC
|
-0.5879099 |
details, prediction |
Telcoin
TEL
|
-0.38386273 |
details, prediction |
True USD
TUSD
|
-0.19899581 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
-0.3566896 |
details, prediction |
V Systems
VSYS
|
-0.24406302 |
details, prediction |
NKN
NKN
|
-0.16281801 |
details, prediction |
HEROcoin
PLAY
|
-0.1516523 |
details, prediction |
Dero
DERO
|
-0.058762945 |
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)