Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
XRP
XRP
|
0.71084183 |
details, prediction |
Matic Network
MATIC
|
0.6946021 |
details, prediction |
Cosmos
ATOM
|
0.6926671 |
details, prediction |
Decentraland
MANA
|
0.683472 |
details, prediction |
UNUS SED LEO
LEO
|
0.6792797 |
details, prediction |
Second tier
|
Aragon
ANT
|
0.6787462 |
details, prediction |
Quant Network
QNT
|
0.6783953 |
details, prediction |
Bancor
BNT
|
0.6742201 |
details, prediction |
Basic Attention Token
BAT
|
0.66651845 |
details, prediction |
Algorand
ALGO
|
0.66530615 |
details, prediction |
Third tier
|
Ubiq
UBQ
|
0.78224164 |
details, prediction |
Einsteinium
EMC2
|
0.7807256 |
details, prediction |
LBRY Credits
LBC
|
0.76127094 |
details, prediction |
Lamden Tau
TAU
|
0.757608 |
details, prediction |
WAX
WAX
|
0.7427484 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that MonaCoin 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 MonaCoin
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
TRON
TRX
|
-0.6386759 |
details, prediction |
Monero
XMR
|
0.24194539 |
details, prediction |
KuCoin Shares
KCS
|
0.37891445 |
details, prediction |
Ethereum Classic
ETC
|
0.5186117 |
details, prediction |
Vechain
VET
|
0.5315921 |
details, prediction |
Second tier
|
USD//Coin
USDC
|
-0.5072423 |
details, prediction |
Dai
DAI
|
-0.49867925 |
details, prediction |
True USD
TUSD
|
-0.49828893 |
details, prediction |
Paxos Standard
PAX
|
-0.392605 |
details, prediction |
BitTorrent
BTT
|
-0.3771639 |
details, prediction |
Third tier
|
Time New Bank
TNB
|
-0.70097494 |
details, prediction |
ILCoin
ILC
|
-0.66869843 |
details, prediction |
Haven Protocol
XHV
|
-0.527279 |
details, prediction |
SunContract
SNC
|
-0.5199536 |
details, prediction |
ShortyCoin
SHORTY
|
-0.50446635 |
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)