Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
XRP
XRP
|
0.9696841 |
details, prediction |
Cardano
ADA
|
0.9657655 |
details, prediction |
Bitcoin
BTC
|
0.9338292 |
details, prediction |
Litecoin
LTC
|
0.9318385 |
details, prediction |
ChainLink
LINK
|
0.9210232 |
details, prediction |
|
Second tier
|
Zilliqa
ZIL
|
0.956662 |
details, prediction |
NEO
NEO
|
0.9543587 |
details, prediction |
QTUM
QTUM
|
0.9498098 |
details, prediction |
Theta Fuel
TFUEL
|
0.9446271 |
details, prediction |
Ravencoin
RVN
|
0.9425554 |
details, prediction |
|
Third tier
|
Civic
CVC
|
0.9516035 |
details, prediction |
Steem
STEEM
|
0.9465795 |
details, prediction |
Kyber Network
KNC
|
0.9449556 |
details, prediction |
ARK
ARK
|
0.94314945 |
details, prediction |
Lisk
LSK
|
0.9427268 |
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
|
Stellar
XLM
|
-0.33438042 |
details, prediction |
ZCash
ZEC
|
0.043902725 |
details, prediction |
TRON
TRX
|
0.21689628 |
details, prediction |
Binance Coin
BNB
|
0.7829597 |
details, prediction |
Monero
XMR
|
0.82131636 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.8643582 |
details, prediction |
Dai
DAI
|
-0.7262633 |
details, prediction |
True USD
TUSD
|
-0.69005233 |
details, prediction |
Telcoin
TEL
|
0.1723888 |
details, prediction |
OriginTrail
TRAC
|
0.33942014 |
details, prediction |
|
Third tier
|
Komodo
KMD
|
-0.4256422 |
details, prediction |
V Systems
VSYS
|
-0.26822263 |
details, prediction |
Propy
PRO
|
-0.18630657 |
details, prediction |
Matrix AI Network
MAN
|
-0.13833797 |
details, prediction |
Phantasma
SOUL
|
0.25236097 |
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)