Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Litecoin
LTC
|
0.9706621 |
details, prediction |
KuCoin Shares
KCS
|
0.9403022 |
details, prediction |
Ethereum
ETH
|
0.93199176 |
details, prediction |
Cardano
ADA
|
0.92862266 |
details, prediction |
XRP
XRP
|
0.919062 |
details, prediction |
|
Second tier
|
Vechain
VET
|
0.9580963 |
details, prediction |
Decentraland
MANA
|
0.9482207 |
details, prediction |
Ravencoin
RVN
|
0.9482141 |
details, prediction |
HoloToken
HOT
|
0.94236314 |
details, prediction |
NEO
NEO
|
0.93682855 |
details, prediction |
|
Third tier
|
Civic
CVC
|
0.9807708 |
details, prediction |
Power Ledger
POWR
|
0.9643345 |
details, prediction |
ARK
ARK
|
0.9566893 |
details, prediction |
Lisk
LSK
|
0.9537648 |
details, prediction |
QuarkChain
QKC
|
0.95084417 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Status 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 Status
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.5982076 |
details, prediction |
UNUS SED LEO
LEO
|
-0.17593911 |
details, prediction |
TRON
TRX
|
-0.16683398 |
details, prediction |
ZCash
ZEC
|
-0.1112392 |
details, prediction |
Binance Coin
BNB
|
0.27003583 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.62649643 |
details, prediction |
USD//Coin
USDC
|
-0.5421164 |
details, prediction |
OriginTrail
TRAC
|
-0.53763735 |
details, prediction |
Telcoin
TEL
|
-0.3170857 |
details, prediction |
True USD
TUSD
|
-0.14704354 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
-0.5343926 |
details, prediction |
Komodo
KMD
|
-0.086947195 |
details, prediction |
V Systems
VSYS
|
-0.042414177 |
details, prediction |
OPEN Platform
OPEN
|
0.023718823 |
details, prediction |
HEROcoin
PLAY
|
0.07560643 |
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)