Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Monero
XMR
|
0.8772441 |
details, prediction |
Nexo
NEXO
|
0.6088093 |
details, prediction |
Dogecoin
DOGE
|
0.57745147 |
details, prediction |
EOS
EOS
|
0.5458931 |
details, prediction |
Binance Coin
BNB
|
0.54241866 |
details, prediction |
Second tier
|
Kyber Network
KNC
|
0.8520209 |
details, prediction |
0x
ZRX
|
0.82005054 |
details, prediction |
Groestlcoin
GRS
|
0.76513743 |
details, prediction |
Steem
STEEM
|
0.7478232 |
details, prediction |
Constellation
DAG
|
0.7337105 |
details, prediction |
Third tier
|
SmartMesh
SMT
|
0.87496126 |
details, prediction |
Electrify.Asia
ELEC
|
0.80776715 |
details, prediction |
VertCoin
VTC
|
0.7968477 |
details, prediction |
Morpheus Labs
MITX
|
0.7717483 |
details, prediction |
Sentinel Protocol
UPP
|
0.7704224 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Metal 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 Metal
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
TRON
TRX
|
-0.025856767 |
details, prediction |
Fantom
FTM
|
-2.1054373E-4 |
details, prediction |
Decentraland
MANA
|
6.6416635E-4 |
details, prediction |
Cosmos
ATOM
|
0.07864877 |
details, prediction |
Maker
MKR
|
0.10616899 |
details, prediction |
Second tier
|
True USD
TUSD
|
-0.45451987 |
details, prediction |
Dai
DAI
|
-0.37697798 |
details, prediction |
USD//Coin
USDC
|
-0.364645 |
details, prediction |
Paxos Standard
PAX
|
-0.24450874 |
details, prediction |
MonaCoin
MONA
|
-0.18482044 |
details, prediction |
Third tier
|
Crypviser
CVCOIN
|
-0.71668947 |
details, prediction |
THEKEY
TKY
|
-0.564737 |
details, prediction |
Gemini Dollar
GUSD
|
-0.53734595 |
details, prediction |
STASIS EURS
EURS
|
-0.5152703 |
details, prediction |
AeonCoin
AEON
|
-0.48528746 |
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)