Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Vechain
VET
|
0.91408724 |
details, prediction |
NEO
NEO
|
0.85422426 |
details, prediction |
Binance Coin
BNB
|
0.8303055 |
details, prediction |
Monero
XMR
|
0.8187812 |
details, prediction |
XRP
XRP
|
0.8022052 |
details, prediction |
Second tier
|
FirstBlood
1ST
|
0.8825396 |
details, prediction |
DigiByte
DGB
|
0.863647 |
details, prediction |
Siacoin
SC
|
0.8064491 |
details, prediction |
Horizen
ZEN
|
0.7867876 |
details, prediction |
MonaCoin
MONA
|
0.77126 |
details, prediction |
Third tier
|
FREE Coin
FREE
|
0.8905825 |
details, prediction |
Time New Bank
TNB
|
0.8677408 |
details, prediction |
VertCoin
VTC
|
0.86451566 |
details, prediction |
MonetaryUnit
MUE
|
0.854448 |
details, prediction |
PinkCoin
PINK
|
0.8432798 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Monaco 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 Monaco
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
USD//Coin
USDC
|
-0.08730467 |
details, prediction |
Crypto.com Chain
CRO
|
0.05022736 |
details, prediction |
Bitcoin
BTC
|
0.087892756 |
details, prediction |
Matic Network
MATIC
|
0.17682196 |
details, prediction |
Cardano
ADA
|
0.2191557 |
details, prediction |
Second tier
|
Ethos (Bitquence)
BQX
|
-0.4545612 |
details, prediction |
NEM
XEM
|
-0.32189804 |
details, prediction |
Polymath Network
POLY
|
-0.31427443 |
details, prediction |
Synthetix Network Token
SNX
|
-0.26678488 |
details, prediction |
EthLend
LEND
|
-0.22988395 |
details, prediction |
Third tier
|
Stratis
STRAT
|
-0.47639725 |
details, prediction |
DubaiCoin
DBIX
|
-0.42304987 |
details, prediction |
Seele
SEELE
|
-0.3886662 |
details, prediction |
Polybius
PLBT
|
-0.38839692 |
details, prediction |
DT Token
DRACO
|
-0.30371416 |
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)