Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.8875663 |
details, prediction |
XRP
XRP
|
0.65861857 |
details, prediction |
Litecoin
LTC
|
0.65780914 |
details, prediction |
Bitcoin Cash
BCH
|
0.5693133 |
details, prediction |
Binance Coin
BNB
|
0.34417844 |
details, prediction |
|
Second tier
|
Decred
DCR
|
0.9401122 |
details, prediction |
Bitcoin Gold
BTG
|
0.9116066 |
details, prediction |
Theta Fuel
TFUEL
|
0.85723877 |
details, prediction |
Ardor
ARDR
|
0.85516125 |
details, prediction |
Verge
XVG
|
0.85357964 |
details, prediction |
|
Third tier
|
Propy
PRO
|
0.9052382 |
details, prediction |
Komodo
KMD
|
0.87865907 |
details, prediction |
Matrix AI Network
MAN
|
0.8408129 |
details, prediction |
NEM
XEM
|
0.8338943 |
details, prediction |
LAToken
LA
|
0.8267445 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Crypto.com Chain 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 Crypto.com Chain
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
-0.95033574 |
details, prediction |
TRON
TRX
|
-0.83683133 |
details, prediction |
ZCash
ZEC
|
-0.5912921 |
details, prediction |
Bitcoin
BTC
|
-0.3181708 |
details, prediction |
Monero
XMR
|
-0.24752006 |
details, prediction |
|
Second tier
|
True USD
TUSD
|
-0.7138941 |
details, prediction |
Algorand
ALGO
|
-0.640325 |
details, prediction |
USD//Coin
USDC
|
-0.6053098 |
details, prediction |
FTX Token
FTT
|
-0.57013017 |
details, prediction |
DASH
DASH
|
-0.47655767 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.6891445 |
details, prediction |
OPEN Platform
OPEN
|
-0.56621057 |
details, prediction |
V Systems
VSYS
|
-0.5557871 |
details, prediction |
Enjin Coin
ENJ
|
-0.5547278 |
details, prediction |
Ontology
ONT
|
-0.5120778 |
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)