Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
0.84275866 |
details, prediction |
ChainLink
LINK
|
0.8421081 |
details, prediction |
Ethereum Classic
ETC
|
0.8383941 |
details, prediction |
Cardano
ADA
|
0.82934695 |
details, prediction |
ZCash
ZEC
|
0.8212117 |
details, prediction |
|
Second tier
|
OriginTrail
TRAC
|
0.9750974 |
details, prediction |
Siacoin
SC
|
0.97432566 |
details, prediction |
iEx.ec
RLC
|
0.9738872 |
details, prediction |
Decentraland
MANA
|
0.9738348 |
details, prediction |
QTUM
QTUM
|
0.97092617 |
details, prediction |
|
Third tier
|
Storj
STORJ
|
0.9806684 |
details, prediction |
Power Ledger
POWR
|
0.97832435 |
details, prediction |
SwftCoin
SWFTC
|
0.9778693 |
details, prediction |
Enjin Coin
ENJ
|
0.976762 |
details, prediction |
ICON
ICX
|
0.9719238 |
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
|
TRON
TRX
|
-0.3793391 |
details, prediction |
UNUS SED LEO
LEO
|
0.17885238 |
details, prediction |
Binance Coin
BNB
|
0.30965555 |
details, prediction |
Dogecoin
DOGE
|
0.51818055 |
details, prediction |
XRP
XRP
|
0.6121295 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.3999525 |
details, prediction |
Decred
DCR
|
-0.19115846 |
details, prediction |
True USD
TUSD
|
0.10886839 |
details, prediction |
Verge
XVG
|
0.34798935 |
details, prediction |
Zilliqa
ZIL
|
0.43583146 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.2420742 |
details, prediction |
BABB
BAX
|
-0.13593277 |
details, prediction |
Constellation
DAG
|
-0.05719735 |
details, prediction |
Dero
DERO
|
0.07509142 |
details, prediction |
Dent
DENT
|
0.27421814 |
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)