Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Huobi Token
HT
|
0.912683 |
details, prediction |
Bitcoin Cash
BCH
|
0.8856334 |
details, prediction |
Bitcoin
BTC
|
0.8821735 |
details, prediction |
Dogecoin
DOGE
|
0.86919385 |
details, prediction |
Tezos
XTZ
|
0.859391 |
details, prediction |
Second tier
|
Status
SNT
|
0.91254514 |
details, prediction |
ARK
ARK
|
0.9118884 |
details, prediction |
Bancor
BNT
|
0.90201765 |
details, prediction |
RSK Infrastructure Framework
RIF
|
0.8924553 |
details, prediction |
Nexo
NEXO
|
0.8842913 |
details, prediction |
Third tier
|
Yoyow
YOYOW
|
0.91755116 |
details, prediction |
HEROcoin
PLAY
|
0.91435343 |
details, prediction |
Xaurum
XAUR
|
0.913653 |
details, prediction |
BnkToTheFuture
BFT
|
0.9107184 |
details, prediction |
Refereum
RFR
|
0.9092159 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Substratum Network 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 Substratum Network
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
UNUS SED LEO
LEO
|
-0.025330339 |
details, prediction |
Ethereum Classic
ETC
|
0.3238285 |
details, prediction |
Bitcoin SV
BSV
|
0.46788907 |
details, prediction |
Matic Network
MATIC
|
0.5142453 |
details, prediction |
TRON
TRX
|
0.58179516 |
details, prediction |
Second tier
|
EthLend
LEND
|
-0.056816526 |
details, prediction |
MaidSafe Coin
MAID
|
0.15216075 |
details, prediction |
True USD
TUSD
|
0.18800761 |
details, prediction |
Paxos Standard
PAX
|
0.19983138 |
details, prediction |
MonaCoin
MONA
|
0.21220966 |
details, prediction |
Third tier
|
Gemini Dollar
GUSD
|
-0.73849636 |
details, prediction |
Seele
SEELE
|
-0.7133207 |
details, prediction |
Time New Bank
TNB
|
-0.65059793 |
details, prediction |
AventCoin
AVT
|
-0.50386757 |
details, prediction |
SibCoin
SIB
|
-0.41283622 |
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)