Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
0.9114738 |
details, prediction |
Cardano
ADA
|
0.90640974 |
details, prediction |
Ethereum Classic
ETC
|
0.65777034 |
details, prediction |
Bitcoin Cash
BCH
|
0.6257127 |
details, prediction |
XRP
XRP
|
0.553497 |
details, prediction |
|
Second tier
|
IOTA
IOT
|
0.8568346 |
details, prediction |
Bitcoin Gold
BTG
|
0.8357115 |
details, prediction |
Theta Fuel
TFUEL
|
0.7925613 |
details, prediction |
Verge
XVG
|
0.7913773 |
details, prediction |
Siacoin
SC
|
0.7827806 |
details, prediction |
|
Third tier
|
Komodo
KMD
|
0.92223144 |
details, prediction |
Stox
STX
|
0.8959598 |
details, prediction |
Loopring
LRC
|
0.87557817 |
details, prediction |
SysCoin
SYS
|
0.8583546 |
details, prediction |
Internet of Services
IOST
|
0.83081156 |
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
|
-0.8068036 |
details, prediction |
ZCash
ZEC
|
-0.5286562 |
details, prediction |
Ethereum
ETH
|
-0.35391814 |
details, prediction |
Bitcoin
BTC
|
-0.33822605 |
details, prediction |
KuCoin Shares
KCS
|
-0.19932157 |
details, prediction |
|
Second tier
|
True USD
TUSD
|
-0.7008901 |
details, prediction |
Chiliz
CHZ
|
-0.3781446 |
details, prediction |
Algorand
ALGO
|
-0.35486764 |
details, prediction |
USD//Coin
USDC
|
-0.34260687 |
details, prediction |
Bitcoin SV
BSV
|
-0.28855622 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.66833764 |
details, prediction |
HEROcoin
PLAY
|
-0.6369671 |
details, prediction |
Metal
MTL
|
-0.62715894 |
details, prediction |
Enjin Coin
ENJ
|
-0.60889846 |
details, prediction |
Ontology
ONT
|
-0.5832654 |
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)