Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.6858992 |
details, prediction |
Ethereum Classic
ETC
|
0.65030557 |
details, prediction |
Monero
XMR
|
0.61596715 |
details, prediction |
ZCash
ZEC
|
0.6080356 |
details, prediction |
ChainLink
LINK
|
0.5216471 |
details, prediction |
|
Second tier
|
Theta
THETA
|
0.76466507 |
details, prediction |
Synthetix Network Token
SNX
|
0.70427513 |
details, prediction |
Horizen
ZEN
|
0.6520304 |
details, prediction |
0x
ZRX
|
0.63250947 |
details, prediction |
Decentraland
MANA
|
0.6296742 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.9114306 |
details, prediction |
Bancor
BNT
|
0.82090384 |
details, prediction |
Storj
STORJ
|
0.6791531 |
details, prediction |
OPEN Platform
OPEN
|
0.6633969 |
details, prediction |
Civic
CVC
|
0.62217224 |
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
|
-0.37572327 |
details, prediction |
Crypto.com Chain
CRO
|
-0.10425073 |
details, prediction |
TRON
TRX
|
-0.004514673 |
details, prediction |
Bitcoin Cash
BCH
|
0.009836773 |
details, prediction |
Ethereum
ETH
|
0.034426756 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.48094365 |
details, prediction |
USD//Coin
USDC
|
-0.41487673 |
details, prediction |
Decred
DCR
|
-0.33459374 |
details, prediction |
Verge
XVG
|
-0.30635133 |
details, prediction |
True USD
TUSD
|
-0.027958121 |
details, prediction |
|
Third tier
|
Phantasma
SOUL
|
-0.7190018 |
details, prediction |
NKN
NKN
|
-0.5479361 |
details, prediction |
Ontology
ONT
|
-0.5013739 |
details, prediction |
Dent
DENT
|
-0.4637386 |
details, prediction |
Steem
STEEM
|
-0.45070833 |
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)