Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.8688769 |
details, prediction |
Bitcoin Cash
BCH
|
0.86237264 |
details, prediction |
ZCash
ZEC
|
0.86059386 |
details, prediction |
Ethereum Classic
ETC
|
0.8393874 |
details, prediction |
Cardano
ADA
|
0.8311041 |
details, prediction |
|
Second tier
|
iEx.ec
RLC
|
0.9578183 |
details, prediction |
Status
SNT
|
0.92452604 |
details, prediction |
Basic Attention Token
BAT
|
0.9237747 |
details, prediction |
FTX Token
FTT
|
0.92245907 |
details, prediction |
QTUM
QTUM
|
0.91868514 |
details, prediction |
|
Third tier
|
SwftCoin
SWFTC
|
0.92947763 |
details, prediction |
Metal
MTL
|
0.9237221 |
details, prediction |
Power Ledger
POWR
|
0.92065465 |
details, prediction |
ICON
ICX
|
0.91924626 |
details, prediction |
Kyber Network
KNC
|
0.91843504 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Ravencoin 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 Ravencoin
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.47702697 |
details, prediction |
UNUS SED LEO
LEO
|
0.014345418 |
details, prediction |
Binance Coin
BNB
|
0.5067288 |
details, prediction |
Ethereum
ETH
|
0.68895245 |
details, prediction |
Bitcoin
BTC
|
0.70110285 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.4376057 |
details, prediction |
Dai
DAI
|
-0.2909146 |
details, prediction |
True USD
TUSD
|
0.18875782 |
details, prediction |
Nexo
NEXO
|
0.4537129 |
details, prediction |
Verge
XVG
|
0.456752 |
details, prediction |
|
Third tier
|
Dent
DENT
|
-0.27903235 |
details, prediction |
Ontology
ONT
|
0.009376091 |
details, prediction |
Propy
PRO
|
0.14781432 |
details, prediction |
BABB
BAX
|
0.16367176 |
details, prediction |
HEROcoin
PLAY
|
0.25880173 |
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)