Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
0.8284716 |
details, prediction |
Crypto.com Chain
CRO
|
0.8229276 |
details, prediction |
Ethereum Classic
ETC
|
0.79569703 |
details, prediction |
Cardano
ADA
|
0.77878916 |
details, prediction |
Bitcoin Cash
BCH
|
0.773648 |
details, prediction |
|
Second tier
|
OriginTrail
TRAC
|
0.9854023 |
details, prediction |
Decentraland
MANA
|
0.9743893 |
details, prediction |
Status
SNT
|
0.97216934 |
details, prediction |
Power Ledger
POWR
|
0.97105914 |
details, prediction |
HoloToken
HOT
|
0.971028 |
details, prediction |
|
Third tier
|
SwftCoin
SWFTC
|
0.9758189 |
details, prediction |
Storj
STORJ
|
0.972273 |
details, prediction |
Hydro Protocol
HOT
|
0.9709372 |
details, prediction |
Metal
MTL
|
0.9572562 |
details, prediction |
ICON
ICX
|
0.9566467 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that AdEx 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 AdEx
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Binance Coin
BNB
|
-0.45663393 |
details, prediction |
TRON
TRX
|
-0.40061828 |
details, prediction |
Dogecoin
DOGE
|
0.2021227 |
details, prediction |
XRP
XRP
|
0.31010506 |
details, prediction |
KuCoin Shares
KCS
|
0.49781957 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.4612643 |
details, prediction |
True USD
TUSD
|
-0.23998106 |
details, prediction |
Zilliqa
ZIL
|
0.3099494 |
details, prediction |
Verge
XVG
|
0.35043517 |
details, prediction |
Ardor
ARDR
|
0.37701464 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.9143771 |
details, prediction |
Constellation
DAG
|
-0.38570678 |
details, prediction |
Dero
DERO
|
-0.09346255 |
details, prediction |
BOScoin
BOS
|
0.1759127 |
details, prediction |
Komodo
KMD
|
0.42657354 |
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)