Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.8066514 |
details, prediction |
Crypto.com Chain
CRO
|
0.80312926 |
details, prediction |
Bitcoin Cash
BCH
|
0.783556 |
details, prediction |
Binance Coin
BNB
|
0.71611714 |
details, prediction |
XRP
XRP
|
0.7145515 |
details, prediction |
|
Second tier
|
Theta Fuel
TFUEL
|
0.89544624 |
details, prediction |
Bitcoin Gold
BTG
|
0.8920848 |
details, prediction |
Siacoin
SC
|
0.85323155 |
details, prediction |
Waves
WAVES
|
0.8521286 |
details, prediction |
IOTA
IOT
|
0.844491 |
details, prediction |
|
Third tier
|
ARK
ARK
|
0.9219417 |
details, prediction |
Komodo
KMD
|
0.8935164 |
details, prediction |
Internet of Services
IOST
|
0.88028735 |
details, prediction |
IoTeX
IOTX
|
0.8731836 |
details, prediction |
SysCoin
SYS
|
0.8726044 |
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
|
TRON
TRX
|
-0.78116995 |
details, prediction |
ZCash
ZEC
|
-0.26640126 |
details, prediction |
UNUS SED LEO
LEO
|
-0.096113384 |
details, prediction |
Ethereum
ETH
|
0.010968733 |
details, prediction |
Bitcoin
BTC
|
0.048399296 |
details, prediction |
|
Second tier
|
Nexo
NEXO
|
-0.59413964 |
details, prediction |
Algorand
ALGO
|
-0.292705 |
details, prediction |
Bitcoin SV
BSV
|
-0.23867618 |
details, prediction |
HoloToken
HOT
|
-0.13090609 |
details, prediction |
Decred
DCR
|
0.07564979 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.6203768 |
details, prediction |
Enjin Coin
ENJ
|
-0.43412286 |
details, prediction |
OPEN Platform
OPEN
|
-0.4290762 |
details, prediction |
V Systems
VSYS
|
-0.3958838 |
details, prediction |
LAToken
LA
|
-0.16664581 |
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)