Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.84301585 |
details, prediction |
KuCoin Shares
KCS
|
0.8223226 |
details, prediction |
XRP
XRP
|
0.81797737 |
details, prediction |
ZCash
ZEC
|
0.81291133 |
details, prediction |
Binance Coin
BNB
|
0.72116715 |
details, prediction |
|
Second tier
|
Request Network
REQ
|
0.8864302 |
details, prediction |
Bitcoin Gold
BTG
|
0.8565439 |
details, prediction |
EOS
EOS
|
0.84914964 |
details, prediction |
Waves
WAVES
|
0.8438014 |
details, prediction |
Theta Fuel
TFUEL
|
0.8396101 |
details, prediction |
|
Third tier
|
Elastos
ELA
|
0.9476795 |
details, prediction |
Ontology
ONT
|
0.9206045 |
details, prediction |
Chronobank
TIME
|
0.8728012 |
details, prediction |
Internet of Services
IOST
|
0.8711402 |
details, prediction |
SysCoin
SYS
|
0.8403769 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Komodo 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 Komodo
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.11177276 |
details, prediction |
UNUS SED LEO
LEO
|
0.2540877 |
details, prediction |
Crypto.com Chain
CRO
|
0.35836926 |
details, prediction |
ChainLink
LINK
|
0.43231302 |
details, prediction |
Cardano
ADA
|
0.6611895 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.46078956 |
details, prediction |
Dai
DAI
|
0.08502163 |
details, prediction |
Zilliqa
ZIL
|
0.22047287 |
details, prediction |
Cosmos
ATOM
|
0.31283966 |
details, prediction |
Nexo
NEXO
|
0.330451 |
details, prediction |
|
Third tier
|
BABB
BAX
|
-0.477396 |
details, prediction |
Dent
DENT
|
-0.097147696 |
details, prediction |
Propy
PRO
|
0.112214044 |
details, prediction |
Constellation
DAG
|
0.21499062 |
details, prediction |
OPEN Platform
OPEN
|
0.22821127 |
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)