Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
SONM
SNM
|
0.45638633 |
details, prediction |
Cosmos
ATOM
|
0.3802813 |
details, prediction |
Matic Network
MATIC
|
0.24687779 |
details, prediction |
USD//Coin
USDC
|
0.0034955284 |
details, prediction |
Crypto.com Chain
CRO
|
-0.010862349 |
details, prediction |
Second tier
|
OriginTrail
TRAC
|
0.76930803 |
details, prediction |
SwissBorg
CHSB
|
0.76591796 |
details, prediction |
IoTeX
IOTX
|
0.6128041 |
details, prediction |
Ethos (Bitquence)
BQX
|
0.60018814 |
details, prediction |
EthLend
LEND
|
0.505221 |
details, prediction |
Third tier
|
Tidex Token
TDX
|
0.96845824 |
details, prediction |
Matrix AI Network
MAN
|
0.90257055 |
details, prediction |
CounterParty
XCP
|
0.8947231 |
details, prediction |
BHPCash
BHPC
|
0.89455163 |
details, prediction |
TokenClub
TCT
|
0.89256203 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Syndicate 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 Syndicate
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Ethereum
ETH
|
-0.84242254 |
details, prediction |
Bitcoin
BTC
|
-0.8342693 |
details, prediction |
Binance Coin
BNB
|
-0.7844407 |
details, prediction |
Monero
XMR
|
-0.76050407 |
details, prediction |
ChainLink
LINK
|
-0.73223835 |
details, prediction |
Second tier
|
Bitcoin Gold
BTG
|
-0.77157664 |
details, prediction |
DASH
DASH
|
-0.7677934 |
details, prediction |
Huobi Token
HT
|
-0.75979984 |
details, prediction |
Gnosis
GNO
|
-0.7552949 |
details, prediction |
BitTorrent
BTT
|
-0.7515667 |
details, prediction |
Third tier
|
Energi
NRG
|
-0.8585045 |
details, prediction |
Token as a Service
TAAS
|
-0.8486293 |
details, prediction |
SaluS
SLS
|
-0.841119 |
details, prediction |
Santiment
SAN
|
-0.8335585 |
details, prediction |
Chronobank
TIME
|
-0.8229456 |
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)