Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Binance Coin
BNB
|
0.8303055 |
details, prediction |
Monero
XMR
|
0.8187812 |
details, prediction |
XRP
XRP
|
0.8022052 |
details, prediction |
TRON
TRX
|
0.78699756 |
details, prediction |
KuCoin Shares
KCS
|
0.7810096 |
details, prediction |
|
Second tier
|
Vechain
VET
|
0.91408724 |
details, prediction |
FirstBlood
1ST
|
0.8825396 |
details, prediction |
DigiByte
DGB
|
0.863647 |
details, prediction |
NEO
NEO
|
0.85422426 |
details, prediction |
Siacoin
SC
|
0.8064491 |
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
|
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 |
Fantom
FTM
|
0.22955531 |
details, prediction |
|
Second tier
|
Ethos (Bitquence)
BQX
|
-0.4545612 |
details, prediction |
Polymath Network
POLY
|
-0.31427443 |
details, prediction |
Synthetix Network Token
SNX
|
-0.26678488 |
details, prediction |
EthLend
LEND
|
-0.22988395 |
details, prediction |
Dai
DAI
|
-0.21722464 |
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 |
NEM
XEM
|
-0.32189804 |
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)