Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Dogecoin
DOGE
|
0.9466195 |
details, prediction |
Litecoin
LTC
|
0.93162 |
details, prediction |
XRP
XRP
|
0.9269015 |
details, prediction |
Cosmos
ATOM
|
0.91835684 |
details, prediction |
Vechain
VET
|
0.9159781 |
details, prediction |
Second tier
|
Aragon
ANT
|
0.94754726 |
details, prediction |
0x
ZRX
|
0.9427007 |
details, prediction |
ICON
ICX
|
0.9408818 |
details, prediction |
Ardor
ARDR
|
0.932855 |
details, prediction |
HoloToken
HOT
|
0.9307259 |
details, prediction |
Third tier
|
Skrumble Network
SKM
|
0.9602876 |
details, prediction |
Bread
BRD
|
0.9463713 |
details, prediction |
Moeda
MDA
|
0.9446873 |
details, prediction |
Quantstamp
QSP
|
0.94196594 |
details, prediction |
Matrix AI Network
MAN
|
0.94120514 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that TenX 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 TenX
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
UNUS SED LEO
LEO
|
0.13318977 |
details, prediction |
TRON
TRX
|
0.32363605 |
details, prediction |
Ethereum Classic
ETC
|
0.37293667 |
details, prediction |
Bitcoin SV
BSV
|
0.6877617 |
details, prediction |
Matic Network
MATIC
|
0.68898076 |
details, prediction |
Second tier
|
EthLend
LEND
|
-0.17886059 |
details, prediction |
Paxos Standard
PAX
|
-0.1409501 |
details, prediction |
True USD
TUSD
|
0.027874587 |
details, prediction |
USD//Coin
USDC
|
0.2635192 |
details, prediction |
Dai
DAI
|
0.27293125 |
details, prediction |
Third tier
|
Gemini Dollar
GUSD
|
-0.802929 |
details, prediction |
Time New Bank
TNB
|
-0.68033075 |
details, prediction |
Seele
SEELE
|
-0.5991763 |
details, prediction |
DigiCube
CUBE
|
-0.4543082 |
details, prediction |
IOCoin
IOC
|
-0.3311715 |
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)