Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Crypto.com Chain
CRO
|
0.91048115 |
details, prediction |
Theta
THETA
|
0.90821594 |
details, prediction |
ChainLink
LINK
|
0.9069905 |
details, prediction |
Bitcoin SV
BSV
|
0.9066224 |
details, prediction |
KuCoin Shares
KCS
|
0.9015556 |
details, prediction |
Second tier
|
Enjin Coin
ENJ
|
0.92093086 |
details, prediction |
Gas
GAS
|
0.92074025 |
details, prediction |
Power Ledger
POWR
|
0.9168661 |
details, prediction |
Theta Fuel
TFUEL
|
0.9148087 |
details, prediction |
Request Network
REQ
|
0.9086842 |
details, prediction |
Third tier
|
Walton
WTC
|
0.94332165 |
details, prediction |
Lambda
LAMB
|
0.9383769 |
details, prediction |
Streamr DATAcoin
DATA
|
0.9370097 |
details, prediction |
Bluzelle
BLZ
|
0.93267334 |
details, prediction |
Solve.Care
SOLVE
|
0.9293231 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Cortex 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 Cortex
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
TRON
TRX
|
-0.4483697 |
details, prediction |
Monero
XMR
|
0.3091882 |
details, prediction |
Waves
WAVES
|
0.44614404 |
details, prediction |
ZCash
ZEC
|
0.5064852 |
details, prediction |
Ethereum Classic
ETC
|
0.6523908 |
details, prediction |
Second tier
|
USD//Coin
USDC
|
-0.8371901 |
details, prediction |
Dai
DAI
|
-0.8314322 |
details, prediction |
Paxos Standard
PAX
|
-0.7379238 |
details, prediction |
True USD
TUSD
|
-0.709095 |
details, prediction |
EthLend
LEND
|
-0.45888 |
details, prediction |
Third tier
|
Crypviser
CVCOIN
|
-0.85007286 |
details, prediction |
FeatherCoin
FTC
|
-0.77160794 |
details, prediction |
ILCoin
ILC
|
-0.7334976 |
details, prediction |
Time New Bank
TNB
|
-0.717649 |
details, prediction |
SunContract
SNC
|
-0.698087 |
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)