Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin
BTC
|
0.39790675 |
details, prediction |
UNUS SED LEO
LEO
|
0.3500981 |
details, prediction |
Crypto.com Chain
CRO
|
0.3212235 |
details, prediction |
TRON
TRX
|
0.31671587 |
details, prediction |
Dogecoin
DOGE
|
0.31133857 |
details, prediction |
|
Second tier
|
FTX Token
FTT
|
0.49445203 |
details, prediction |
Chiliz
CHZ
|
0.48484248 |
details, prediction |
DigiByte
DGB
|
0.4812638 |
details, prediction |
FirstBlood
1ST
|
0.48120147 |
details, prediction |
Dai
DAI
|
0.46784544 |
details, prediction |
|
Third tier
|
DubaiCoin
DBIX
|
0.8879574 |
details, prediction |
Peerplays
PPY
|
0.77283174 |
details, prediction |
Omnitude
ECOM
|
0.73999685 |
details, prediction |
Dether
DTH
|
0.7372876 |
details, prediction |
Credit Tag Chain
CTC
|
0.72552 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Decent 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 Decent
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
-0.2690192 |
details, prediction |
XRP
XRP
|
-0.1241732 |
details, prediction |
Binance Coin
BNB
|
-0.10344981 |
details, prediction |
Litecoin
LTC
|
-0.0029320323 |
details, prediction |
Bitcoin Cash
BCH
|
0.0023036192 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
-0.2998546 |
details, prediction |
EOS
EOS
|
-0.24637228 |
details, prediction |
DASH
DASH
|
-0.20509057 |
details, prediction |
BORA
BORA
|
-0.20061553 |
details, prediction |
Bitcoin SV
BSV
|
-0.20054285 |
details, prediction |
|
Third tier
|
Bitcoin Private
BTCP
|
-0.6351408 |
details, prediction |
Everus
EVR
|
-0.42362326 |
details, prediction |
Prizm
PZM
|
-0.39552692 |
details, prediction |
Buggyra Coin Zero
BCZERO
|
-0.3807129 |
details, prediction |
Moneytoken
IMT
|
-0.35131422 |
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)