Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.85531944 |
details, prediction |
Ethereum Classic
ETC
|
0.8237118 |
details, prediction |
Crypto.com Chain
CRO
|
0.8206788 |
details, prediction |
Cardano
ADA
|
0.79520744 |
details, prediction |
Bitcoin Cash
BCH
|
0.7671782 |
details, prediction |
|
Second tier
|
QTUM
QTUM
|
0.93596935 |
details, prediction |
iEx.ec
RLC
|
0.92442816 |
details, prediction |
Decentraland
MANA
|
0.9184497 |
details, prediction |
Synthetix Network Token
SNX
|
0.905653 |
details, prediction |
Status
SNT
|
0.9030208 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.95636356 |
details, prediction |
ICON
ICX
|
0.94568086 |
details, prediction |
Power Ledger
POWR
|
0.9391823 |
details, prediction |
Storj
STORJ
|
0.93407273 |
details, prediction |
Gas
GAS
|
0.8908112 |
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
|
-0.63435125 |
details, prediction |
UNUS SED LEO
LEO
|
0.016793627 |
details, prediction |
ZCash
ZEC
|
0.5079988 |
details, prediction |
Binance Coin
BNB
|
0.51080465 |
details, prediction |
Stellar
XLM
|
0.60832995 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.29554364 |
details, prediction |
Decred
DCR
|
-0.19837362 |
details, prediction |
True USD
TUSD
|
0.13536242 |
details, prediction |
Nexo
NEXO
|
0.34650847 |
details, prediction |
Verge
XVG
|
0.46429813 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.20171265 |
details, prediction |
OPEN Platform
OPEN
|
-0.17625816 |
details, prediction |
Kambria
KAT
|
-0.14371912 |
details, prediction |
Dent
DENT
|
-0.014403076 |
details, prediction |
Enjin Coin
ENJ
|
0.020655494 |
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)