Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
0.8221089 |
details, prediction |
TRON
TRX
|
0.7487504 |
details, prediction |
Binance Coin
BNB
|
0.31538993 |
details, prediction |
Monero
XMR
|
0.26644453 |
details, prediction |
Stellar
XLM
|
0.17679657 |
details, prediction |
|
Second tier
|
OriginTrail
TRAC
|
0.78744906 |
details, prediction |
DASH
DASH
|
0.55539465 |
details, prediction |
Cosmos
ATOM
|
0.44196495 |
details, prediction |
Dai
DAI
|
0.43881145 |
details, prediction |
USD//Coin
USDC
|
0.26563627 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
0.7392223 |
details, prediction |
FunFair
FUN
|
0.65565544 |
details, prediction |
Komodo
KMD
|
0.5252117 |
details, prediction |
Constellation
DAG
|
0.40248916 |
details, prediction |
Bancor
BNT
|
0.2130326 |
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
|
Bitcoin Cash
BCH
|
-0.46397936 |
details, prediction |
Ethereum
ETH
|
-0.36538425 |
details, prediction |
KuCoin Shares
KCS
|
-0.33165452 |
details, prediction |
Litecoin
LTC
|
-0.30486163 |
details, prediction |
XRP
XRP
|
-0.2492347 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
-0.48567772 |
details, prediction |
aelf
ELF
|
-0.44383988 |
details, prediction |
Decred
DCR
|
-0.41399083 |
details, prediction |
Ardor
ARDR
|
-0.41202572 |
details, prediction |
HoloToken
HOT
|
-0.41133738 |
details, prediction |
|
Third tier
|
SysCoin
SYS
|
-0.7236278 |
details, prediction |
BABB
BAX
|
-0.68128425 |
details, prediction |
Chronobank
TIME
|
-0.67693025 |
details, prediction |
SingularityNET
AGI
|
-0.60702324 |
details, prediction |
Dent
DENT
|
-0.58571804 |
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)