Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Binance Coin
BNB
|
0.7782642 |
details, prediction |
Dogecoin
DOGE
|
0.7344179 |
details, prediction |
XRP
XRP
|
0.5232842 |
details, prediction |
TRON
TRX
|
0.42130336 |
details, prediction |
KuCoin Shares
KCS
|
0.31182167 |
details, prediction |
|
Second tier
|
Dai
DAI
|
0.74807024 |
details, prediction |
True USD
TUSD
|
0.6462226 |
details, prediction |
DigiByte
DGB
|
0.4986054 |
details, prediction |
Ardor
ARDR
|
0.48104134 |
details, prediction |
Verge
XVG
|
0.3779591 |
details, prediction |
|
Third tier
|
Dero
DERO
|
0.947846 |
details, prediction |
Elastos
ELA
|
0.6841829 |
details, prediction |
Constellation
DAG
|
0.671946 |
details, prediction |
Komodo
KMD
|
0.58395946 |
details, prediction |
BOScoin
BOS
|
0.58032084 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that HEROcoin 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 HEROcoin
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
-0.44334257 |
details, prediction |
Crypto.com Chain
CRO
|
-0.367594 |
details, prediction |
Stellar
XLM
|
6.0234906E-4 |
details, prediction |
Cardano
ADA
|
0.047682423 |
details, prediction |
Ethereum Classic
ETC
|
0.0704315 |
details, prediction |
|
Second tier
|
Nexo
NEXO
|
-0.626928 |
details, prediction |
Cosmos
ATOM
|
-0.5276416 |
details, prediction |
Bitcoin SV
BSV
|
-0.5114848 |
details, prediction |
Vechain
VET
|
-0.5068106 |
details, prediction |
Theta
THETA
|
-0.48797017 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
-0.8564335 |
details, prediction |
Propy
PRO
|
-0.804747 |
details, prediction |
Dent
DENT
|
-0.77266127 |
details, prediction |
Streamr DATAcoin
DATA
|
-0.5320083 |
details, prediction |
OPEN Platform
OPEN
|
-0.46220392 |
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)