Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.86443174 |
details, prediction |
Binance Coin
BNB
|
0.81488305 |
details, prediction |
Ethereum Classic
ETC
|
0.7846417 |
details, prediction |
XRP
XRP
|
0.7561769 |
details, prediction |
Cardano
ADA
|
0.7429148 |
details, prediction |
|
Second tier
|
IOTA
IOT
|
0.86910313 |
details, prediction |
FTX Token
FTT
|
0.8485904 |
details, prediction |
Synthetix Network Token
SNX
|
0.8267503 |
details, prediction |
iEx.ec
RLC
|
0.8113357 |
details, prediction |
NEO
NEO
|
0.80786306 |
details, prediction |
|
Third tier
|
Stox
STX
|
0.85842645 |
details, prediction |
SwftCoin
SWFTC
|
0.83951825 |
details, prediction |
Wanchain
WAN
|
0.809404 |
details, prediction |
IoTeX
IOTX
|
0.80691105 |
details, prediction |
Internet of Services
IOST
|
0.8031565 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Cosmos 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 Cosmos
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.34774166 |
details, prediction |
ZCash
ZEC
|
0.15948513 |
details, prediction |
TRON
TRX
|
0.21634518 |
details, prediction |
Ethereum
ETH
|
0.53392136 |
details, prediction |
Bitcoin Cash
BCH
|
0.6309135 |
details, prediction |
|
Second tier
|
True USD
TUSD
|
-0.7330557 |
details, prediction |
USD//Coin
USDC
|
-0.6508561 |
details, prediction |
Dai
DAI
|
-0.2992092 |
details, prediction |
Bitcoin SV
BSV
|
0.3928911 |
details, prediction |
DigiByte
DGB
|
0.4318814 |
details, prediction |
|
Third tier
|
Propy
PRO
|
-0.3917113 |
details, prediction |
NKN
NKN
|
-0.2957476 |
details, prediction |
Matrix AI Network
MAN
|
-0.21028668 |
details, prediction |
V Systems
VSYS
|
-0.14850049 |
details, prediction |
Phantasma
SOUL
|
-0.054576185 |
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)