Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
0.41141453 |
details, prediction |
ChainLink
LINK
|
0.4109886 |
details, prediction |
Cardano
ADA
|
0.40571538 |
details, prediction |
Bitcoin Cash
BCH
|
0.39393365 |
details, prediction |
Stellar
XLM
|
0.38574076 |
details, prediction |
|
Second tier
|
Decred
DCR
|
0.90466 |
details, prediction |
Algorand
ALGO
|
0.81780696 |
details, prediction |
OriginTrail
TRAC
|
0.78861856 |
details, prediction |
Ravencoin
RVN
|
0.7514109 |
details, prediction |
Waves
WAVES
|
0.74485236 |
details, prediction |
|
Third tier
|
Wanchain
WAN
|
0.8472777 |
details, prediction |
Chronobank
TIME
|
0.84017503 |
details, prediction |
AdEx
ADX
|
0.7814747 |
details, prediction |
SysCoin
SYS
|
0.75585365 |
details, prediction |
Stox
STX
|
0.753708 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Gas 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 Gas
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Binance Coin
BNB
|
-0.31341442 |
details, prediction |
TRON
TRX
|
-9.2535565E-4 |
details, prediction |
KuCoin Shares
KCS
|
0.10540503 |
details, prediction |
XRP
XRP
|
0.24552287 |
details, prediction |
Ethereum
ETH
|
0.2714648 |
details, prediction |
|
Second tier
|
Dai
DAI
|
0.045822877 |
details, prediction |
True USD
TUSD
|
0.072470784 |
details, prediction |
Bitcoin SV
BSV
|
0.3892544 |
details, prediction |
Theta
THETA
|
0.39113715 |
details, prediction |
USD//Coin
USDC
|
0.4092701 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.046512395 |
details, prediction |
Constellation
DAG
|
0.10572436 |
details, prediction |
Streamr DATAcoin
DATA
|
0.31035894 |
details, prediction |
BOScoin
BOS
|
0.34792176 |
details, prediction |
Dero
DERO
|
0.38936114 |
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)