Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.74625236 |
details, prediction |
ZCash
ZEC
|
0.717242 |
details, prediction |
Ethereum Classic
ETC
|
0.70760113 |
details, prediction |
Binance Coin
BNB
|
0.6824983 |
details, prediction |
XRP
XRP
|
0.67149806 |
details, prediction |
|
Second tier
|
Verge
XVG
|
0.8135664 |
details, prediction |
Theta
THETA
|
0.7902783 |
details, prediction |
QTUM
QTUM
|
0.7896656 |
details, prediction |
Siacoin
SC
|
0.76446235 |
details, prediction |
Theta Fuel
TFUEL
|
0.7635753 |
details, prediction |
|
Third tier
|
Kyber Network
KNC
|
0.8442701 |
details, prediction |
Steem
STEEM
|
0.843551 |
details, prediction |
ARK
ARK
|
0.8254608 |
details, prediction |
Power Ledger
POWR
|
0.8100993 |
details, prediction |
IoTeX
IOTX
|
0.8082753 |
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
|
0.010137646 |
details, prediction |
KuCoin Shares
KCS
|
0.34707224 |
details, prediction |
Bitcoin Cash
BCH
|
0.39659894 |
details, prediction |
Stellar
XLM
|
0.4095456 |
details, prediction |
Cardano
ADA
|
0.4927386 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
-0.54036707 |
details, prediction |
USD//Coin
USDC
|
-0.49519858 |
details, prediction |
True USD
TUSD
|
-0.4579546 |
details, prediction |
aelf
ELF
|
-0.3146726 |
details, prediction |
Bitcoin Gold
BTG
|
-0.10404708 |
details, prediction |
|
Third tier
|
NKN
NKN
|
-0.6454492 |
details, prediction |
Matrix AI Network
MAN
|
-0.6297199 |
details, prediction |
Constellation
DAG
|
-0.55173117 |
details, prediction |
ICON
ICX
|
-0.4807713 |
details, prediction |
Propy
PRO
|
-0.44886905 |
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)