Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
0.73692596 |
details, prediction |
Bitcoin Cash
BCH
|
0.6682336 |
details, prediction |
Cardano
ADA
|
0.57424706 |
details, prediction |
XRP
XRP
|
0.54842246 |
details, prediction |
Litecoin
LTC
|
0.5303064 |
details, prediction |
|
Second tier
|
Decred
DCR
|
0.81833243 |
details, prediction |
DigiByte
DGB
|
0.73614085 |
details, prediction |
Theta Fuel
TFUEL
|
0.73372513 |
details, prediction |
Tezos
XTZ
|
0.70365363 |
details, prediction |
Verge
XVG
|
0.69560397 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.92721534 |
details, prediction |
NEM
XEM
|
0.86788666 |
details, prediction |
Komodo
KMD
|
0.82401884 |
details, prediction |
BABB
BAX
|
0.74687934 |
details, prediction |
Propy
PRO
|
0.73787296 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Ardor 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 Ardor
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
-0.9981631 |
details, prediction |
TRON
TRX
|
-0.7273038 |
details, prediction |
ZCash
ZEC
|
-0.53460616 |
details, prediction |
Stellar
XLM
|
-0.49884155 |
details, prediction |
Binance Coin
BNB
|
-0.08899672 |
details, prediction |
|
Second tier
|
OriginTrail
TRAC
|
-0.5425468 |
details, prediction |
USD//Coin
USDC
|
-0.5385987 |
details, prediction |
True USD
TUSD
|
-0.4623989 |
details, prediction |
Dai
DAI
|
-0.39193484 |
details, prediction |
Telcoin
TEL
|
-0.29421318 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.43013716 |
details, prediction |
HEROcoin
PLAY
|
-0.38268474 |
details, prediction |
OPEN Platform
OPEN
|
-0.16915946 |
details, prediction |
Enjin Coin
ENJ
|
-0.11815463 |
details, prediction |
Bancor
BNT
|
-0.021210402 |
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)