Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Litecoin
LTC
|
0.97374594 |
details, prediction |
Bitcoin Cash
BCH
|
0.97001505 |
details, prediction |
Cardano
ADA
|
0.9660207 |
details, prediction |
Crypto.com Chain
CRO
|
0.96397024 |
details, prediction |
XRP
XRP
|
0.9567985 |
details, prediction |
|
Second tier
|
Tezos
XTZ
|
0.98828393 |
details, prediction |
HoloToken
HOT
|
0.9788502 |
details, prediction |
Status
SNT
|
0.9757594 |
details, prediction |
Siacoin
SC
|
0.974543 |
details, prediction |
Ravencoin
RVN
|
0.9725395 |
details, prediction |
|
Third tier
|
Lisk
LSK
|
0.98299897 |
details, prediction |
ARK
ARK
|
0.9784931 |
details, prediction |
IoTeX
IOTX
|
0.97718644 |
details, prediction |
Hydro Protocol
HOT
|
0.9760136 |
details, prediction |
Civic
CVC
|
0.9752467 |
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
|
Stellar
XLM
|
-0.63829225 |
details, prediction |
ZCash
ZEC
|
-0.25357607 |
details, prediction |
TRON
TRX
|
-0.11259631 |
details, prediction |
Binance Coin
BNB
|
0.43542716 |
details, prediction |
Monero
XMR
|
0.48206595 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.6416257 |
details, prediction |
USD//Coin
USDC
|
-0.64041716 |
details, prediction |
OriginTrail
TRAC
|
-0.47182935 |
details, prediction |
Telcoin
TEL
|
-0.41667753 |
details, prediction |
True USD
TUSD
|
-0.28413138 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
-0.28993097 |
details, prediction |
OPEN Platform
OPEN
|
-0.071489595 |
details, prediction |
V Systems
VSYS
|
-0.027831035 |
details, prediction |
Matrix AI Network
MAN
|
0.29295886 |
details, prediction |
Komodo
KMD
|
0.35948667 |
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)