Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.9751491 |
details, prediction |
Ethereum Classic
ETC
|
0.9608949 |
details, prediction |
Litecoin
LTC
|
0.94824946 |
details, prediction |
Bitcoin
BTC
|
0.9355326 |
details, prediction |
Monero
XMR
|
0.93166214 |
details, prediction |
|
Second tier
|
Decentraland
MANA
|
0.98622304 |
details, prediction |
Horizen
ZEN
|
0.98580396 |
details, prediction |
Synthetix Network Token
SNX
|
0.9804465 |
details, prediction |
Basic Attention Token
BAT
|
0.97911316 |
details, prediction |
0x
ZRX
|
0.97884405 |
details, prediction |
|
Third tier
|
Lisk
LSK
|
0.9907244 |
details, prediction |
Bancor
BNT
|
0.98566055 |
details, prediction |
Storj
STORJ
|
0.9829373 |
details, prediction |
Power Ledger
POWR
|
0.98171896 |
details, prediction |
ICON
ICX
|
0.9808465 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Telcoin 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 Telcoin
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.7273365 |
details, prediction |
UNUS SED LEO
LEO
|
-0.012236501 |
details, prediction |
Binance Coin
BNB
|
0.6096355 |
details, prediction |
Dogecoin
DOGE
|
0.73040676 |
details, prediction |
XRP
XRP
|
0.8341274 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.481989 |
details, prediction |
Decred
DCR
|
-0.23142049 |
details, prediction |
True USD
TUSD
|
0.04488426 |
details, prediction |
Verge
XVG
|
0.48498243 |
details, prediction |
Nexo
NEXO
|
0.5442086 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.23874532 |
details, prediction |
Dent
DENT
|
-0.096097395 |
details, prediction |
HEROcoin
PLAY
|
0.11204153 |
details, prediction |
NKN
NKN
|
0.14670438 |
details, prediction |
OPEN Platform
OPEN
|
0.2621358 |
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)