Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.9959126 |
details, prediction |
Litecoin
LTC
|
0.9920609 |
details, prediction |
Ethereum Classic
ETC
|
0.9863876 |
details, prediction |
Bitcoin Cash
BCH
|
0.98202986 |
details, prediction |
ZCash
ZEC
|
0.95721227 |
details, prediction |
|
Second tier
|
DASH
DASH
|
0.96705437 |
details, prediction |
IOTA
IOT
|
0.9666694 |
details, prediction |
Basic Attention Token
BAT
|
0.96498966 |
details, prediction |
NEO
NEO
|
0.9401115 |
details, prediction |
Telcoin
TEL
|
0.92995685 |
details, prediction |
|
Third tier
|
Phantasma
SOUL
|
0.9633323 |
details, prediction |
Bancor
BNT
|
0.94427216 |
details, prediction |
Kyber Network
KNC
|
0.93912315 |
details, prediction |
IoTeX
IOTX
|
0.9309794 |
details, prediction |
ICON
ICX
|
0.9276678 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Cardano 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 Cardano
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.56886333 |
details, prediction |
Binance Coin
BNB
|
-0.046707187 |
details, prediction |
Dogecoin
DOGE
|
0.25042558 |
details, prediction |
XRP
XRP
|
0.54116404 |
details, prediction |
Crypto.com Chain
CRO
|
0.8111595 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.67160755 |
details, prediction |
True USD
TUSD
|
-0.5871409 |
details, prediction |
Zilliqa
ZIL
|
0.025959408 |
details, prediction |
Decred
DCR
|
0.14350411 |
details, prediction |
Verge
XVG
|
0.21308376 |
details, prediction |
|
Third tier
|
Constellation
DAG
|
-0.7277604 |
details, prediction |
HEROcoin
PLAY
|
-0.68467855 |
details, prediction |
Dero
DERO
|
-0.36523277 |
details, prediction |
BOScoin
BOS
|
-0.26591265 |
details, prediction |
Elastos
ELA
|
0.23115604 |
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)