Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
0.93628657 |
details, prediction |
Monero
XMR
|
0.85116446 |
details, prediction |
ZCash
ZEC
|
0.7104374 |
details, prediction |
Bitcoin
BTC
|
0.66036713 |
details, prediction |
Dogecoin
DOGE
|
0.65543485 |
details, prediction |
|
Second tier
|
Theta
THETA
|
0.63274944 |
details, prediction |
DASH
DASH
|
0.6276471 |
details, prediction |
OriginTrail
TRAC
|
0.5457979 |
details, prediction |
Telcoin
TEL
|
0.5404376 |
details, prediction |
FTX Token
FTT
|
0.5224778 |
details, prediction |
|
Third tier
|
Bancor
BNT
|
0.7897428 |
details, prediction |
Loopring
LRC
|
0.7668516 |
details, prediction |
Storj
STORJ
|
0.5465729 |
details, prediction |
Chronobank
TIME
|
0.51460475 |
details, prediction |
OPEN Platform
OPEN
|
0.47442263 |
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
|
-0.14853698 |
details, prediction |
Bitcoin Cash
BCH
|
-0.07203865 |
details, prediction |
Crypto.com Chain
CRO
|
0.030602086 |
details, prediction |
KuCoin Shares
KCS
|
0.2146183 |
details, prediction |
Ethereum
ETH
|
0.2227314 |
details, prediction |
|
Second tier
|
Verge
XVG
|
-0.36823797 |
details, prediction |
Dai
DAI
|
-0.3593751 |
details, prediction |
USD//Coin
USDC
|
-0.35224015 |
details, prediction |
Ardor
ARDR
|
-0.22052419 |
details, prediction |
Decred
DCR
|
-0.17204218 |
details, prediction |
|
Third tier
|
NKN
NKN
|
-0.47797325 |
details, prediction |
Dent
DENT
|
-0.45558205 |
details, prediction |
BABB
BAX
|
-0.3380521 |
details, prediction |
SysCoin
SYS
|
-0.33733985 |
details, prediction |
Ontology
ONT
|
-0.33115044 |
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)