Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Fantom
FTM
|
0.9444503 |
details, prediction |
SONM
SNM
|
0.65693134 |
details, prediction |
Stellar
XLM
|
0.65631956 |
details, prediction |
ChainLink
LINK
|
0.63081825 |
details, prediction |
Bitcoin Cash
BCH
|
0.543555 |
details, prediction |
Second tier
|
Metadium
META
|
0.8462736 |
details, prediction |
Propy
PRO
|
0.68445516 |
details, prediction |
Basic Attention Token
BAT
|
0.6759962 |
details, prediction |
EthLend
LEND
|
0.6501834 |
details, prediction |
Decentraland
MANA
|
0.6433508 |
details, prediction |
Third tier
|
Tidex Token
TDX
|
0.9240294 |
details, prediction |
BOX Token
BOX
|
0.91660607 |
details, prediction |
Molecule
MOL
|
0.9093421 |
details, prediction |
Haven Protocol
XHV
|
0.88647306 |
details, prediction |
Republic protocol
REN
|
0.74361783 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Chronologic 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 Chronologic
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
USD//Coin
USDC
|
-0.24346793 |
details, prediction |
Dogecoin
DOGE
|
0.08180713 |
details, prediction |
Vechain
VET
|
0.2895258 |
details, prediction |
IOTA
IOT
|
0.35765943 |
details, prediction |
XRP
XRP
|
0.36531588 |
details, prediction |
Second tier
|
Paxos Standard
PAX
|
-0.5073684 |
details, prediction |
True USD
TUSD
|
-0.16807729 |
details, prediction |
XYO Network
XYO
|
-0.00342163 |
details, prediction |
Dai
DAI
|
0.06637103 |
details, prediction |
Stox
STX
|
0.15010685 |
details, prediction |
Third tier
|
Gemini Dollar
GUSD
|
-0.74754596 |
details, prediction |
Buggyra Coin Zero
BCZERO
|
-0.5539667 |
details, prediction |
Factom
FCT
|
-0.48097834 |
details, prediction |
Linkey
LKY
|
-0.46895683 |
details, prediction |
Trade Token
TIO
|
-0.4671615 |
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)