Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.6877515 |
details, prediction |
Dogecoin
DOGE
|
0.6763091 |
details, prediction |
Ethereum Classic
ETC
|
0.50892043 |
details, prediction |
KuCoin Shares
KCS
|
0.34542787 |
details, prediction |
XRP
XRP
|
0.19747165 |
details, prediction |
|
Second tier
|
IOTA
IOT
|
0.85871184 |
details, prediction |
FTX Token
FTT
|
0.8548818 |
details, prediction |
Chiliz
CHZ
|
0.8243213 |
details, prediction |
iEx.ec
RLC
|
0.796968 |
details, prediction |
Telcoin
TEL
|
0.75465953 |
details, prediction |
|
Third tier
|
Kambria
KAT
|
0.85046756 |
details, prediction |
Elastos
ELA
|
0.80471283 |
details, prediction |
Civic
CVC
|
0.7907361 |
details, prediction |
IoTeX
IOTX
|
0.78695583 |
details, prediction |
ARK
ARK
|
0.7858208 |
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
|
TRON
TRX
|
-0.37246767 |
details, prediction |
Ethereum
ETH
|
-0.25518742 |
details, prediction |
Monero
XMR
|
-0.20809469 |
details, prediction |
Cardano
ADA
|
-0.1550904 |
details, prediction |
ChainLink
LINK
|
-0.14476417 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
-0.5446293 |
details, prediction |
Decred
DCR
|
-0.39908445 |
details, prediction |
Bitcoin SV
BSV
|
-0.30770862 |
details, prediction |
HoloToken
HOT
|
-0.2987468 |
details, prediction |
Dai
DAI
|
-0.114658184 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.7165102 |
details, prediction |
NKN
NKN
|
-0.617207 |
details, prediction |
Propy
PRO
|
-0.45323014 |
details, prediction |
Dero
DERO
|
-0.36967763 |
details, prediction |
Hydro Protocol
HOT
|
-0.36616296 |
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)