Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.9505216 |
details, prediction |
Dogecoin
DOGE
|
0.9371842 |
details, prediction |
Bitcoin Cash
BCH
|
0.8964639 |
details, prediction |
KuCoin Shares
KCS
|
0.8236878 |
details, prediction |
XRP
XRP
|
0.7619495 |
details, prediction |
|
Second tier
|
NEO
NEO
|
0.9692408 |
details, prediction |
Verge
XVG
|
0.9492492 |
details, prediction |
Horizen
ZEN
|
0.94729275 |
details, prediction |
Tezos
XTZ
|
0.93645525 |
details, prediction |
Synthetix Network Token
SNX
|
0.9316513 |
details, prediction |
|
Third tier
|
Gas
GAS
|
0.97525346 |
details, prediction |
Steem
STEEM
|
0.965158 |
details, prediction |
Kyber Network
KNC
|
0.95998126 |
details, prediction |
Lisk
LSK
|
0.9544589 |
details, prediction |
ARK
ARK
|
0.9508444 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Theta Fuel 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 Theta Fuel
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Monero
XMR
|
0.1743259 |
details, prediction |
Stellar
XLM
|
0.20424046 |
details, prediction |
ChainLink
LINK
|
0.32642597 |
details, prediction |
Ethereum
ETH
|
0.3414868 |
details, prediction |
ZCash
ZEC
|
0.44096747 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.87815136 |
details, prediction |
USD//Coin
USDC
|
-0.2814125 |
details, prediction |
True USD
TUSD
|
-0.21410248 |
details, prediction |
DigiByte
DGB
|
-0.0449417 |
details, prediction |
Bitcoin SV
BSV
|
0.2124628 |
details, prediction |
|
Third tier
|
Propy
PRO
|
-0.3437926 |
details, prediction |
NKN
NKN
|
-0.25005564 |
details, prediction |
V Systems
VSYS
|
-0.16870409 |
details, prediction |
Matrix AI Network
MAN
|
-0.057552125 |
details, prediction |
Phantasma
SOUL
|
0.074480794 |
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)