Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.9056889 |
details, prediction |
XRP
XRP
|
0.88211155 |
details, prediction |
Litecoin
LTC
|
0.8770296 |
details, prediction |
Bitcoin
BTC
|
0.8755416 |
details, prediction |
Ethereum
ETH
|
0.8490521 |
details, prediction |
|
Second tier
|
Vechain
VET
|
0.93242383 |
details, prediction |
Theta
THETA
|
0.921436 |
details, prediction |
Nexo
NEXO
|
0.9157837 |
details, prediction |
Ravencoin
RVN
|
0.91559905 |
details, prediction |
Theta Fuel
TFUEL
|
0.9085085 |
details, prediction |
|
Third tier
|
SysCoin
SYS
|
0.9240083 |
details, prediction |
Lisk
LSK
|
0.9004319 |
details, prediction |
ARK
ARK
|
0.8970195 |
details, prediction |
Gas
GAS
|
0.8957325 |
details, prediction |
ICON
ICX
|
0.8946486 |
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
|
Stellar
XLM
|
-0.49602115 |
details, prediction |
TRON
TRX
|
-0.16612402 |
details, prediction |
ZCash
ZEC
|
0.015080909 |
details, prediction |
Binance Coin
BNB
|
0.59594566 |
details, prediction |
Crypto.com Chain
CRO
|
0.7138714 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.9223592 |
details, prediction |
USD//Coin
USDC
|
-0.9063485 |
details, prediction |
True USD
TUSD
|
-0.38896075 |
details, prediction |
Telcoin
TEL
|
0.024273971 |
details, prediction |
OriginTrail
TRAC
|
0.15143414 |
details, prediction |
|
Third tier
|
Matrix AI Network
MAN
|
-0.15928717 |
details, prediction |
V Systems
VSYS
|
-0.12710735 |
details, prediction |
Propy
PRO
|
-0.054929923 |
details, prediction |
Constellation
DAG
|
0.1671732 |
details, prediction |
Phantasma
SOUL
|
0.287438 |
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)