Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.9386104 |
details, prediction |
Bitcoin Cash
BCH
|
0.87783456 |
details, prediction |
Binance Coin
BNB
|
0.86197346 |
details, prediction |
Dogecoin
DOGE
|
0.8529464 |
details, prediction |
Litecoin
LTC
|
0.84226674 |
details, prediction |
|
Second tier
|
Telcoin
TEL
|
0.9511991 |
details, prediction |
Tezos
XTZ
|
0.91507864 |
details, prediction |
IOTA
IOT
|
0.91383946 |
details, prediction |
Theta Fuel
TFUEL
|
0.9035694 |
details, prediction |
Bitcoin Gold
BTG
|
0.90069526 |
details, prediction |
|
Third tier
|
Stox
STX
|
0.9291369 |
details, prediction |
Komodo
KMD
|
0.9266323 |
details, prediction |
Loopring
LRC
|
0.8964356 |
details, prediction |
SysCoin
SYS
|
0.8907956 |
details, prediction |
IoTeX
IOTX
|
0.8896499 |
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
|
TRON
TRX
|
-0.80845237 |
details, prediction |
ZCash
ZEC
|
-0.07886678 |
details, prediction |
Bitcoin
BTC
|
0.43624264 |
details, prediction |
Ethereum
ETH
|
0.45577714 |
details, prediction |
Stellar
XLM
|
0.5774244 |
details, prediction |
|
Second tier
|
Nexo
NEXO
|
-0.35069206 |
details, prediction |
Algorand
ALGO
|
-0.18539438 |
details, prediction |
Bitcoin SV
BSV
|
-0.013371829 |
details, prediction |
Chiliz
CHZ
|
0.03092877 |
details, prediction |
True USD
TUSD
|
0.05683034 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.67150736 |
details, prediction |
OPEN Platform
OPEN
|
-0.5915506 |
details, prediction |
Enjin Coin
ENJ
|
-0.41333988 |
details, prediction |
LAToken
LA
|
-0.34847128 |
details, prediction |
V Systems
VSYS
|
-0.255312 |
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)