Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
0.9244152 |
details, prediction |
Cardano
ADA
|
0.8660797 |
details, prediction |
XRP
XRP
|
0.85856843 |
details, prediction |
Litecoin
LTC
|
0.8427089 |
details, prediction |
Bitcoin Cash
BCH
|
0.8397997 |
details, prediction |
|
Second tier
|
Tezos
XTZ
|
0.96068656 |
details, prediction |
Siacoin
SC
|
0.90801203 |
details, prediction |
Bitcoin Gold
BTG
|
0.90204847 |
details, prediction |
Waves
WAVES
|
0.880937 |
details, prediction |
Decred
DCR
|
0.8575122 |
details, prediction |
|
Third tier
|
LAToken
LA
|
0.9427481 |
details, prediction |
IoTeX
IOTX
|
0.91899496 |
details, prediction |
QuarkChain
QKC
|
0.8870342 |
details, prediction |
ARK
ARK
|
0.88506424 |
details, prediction |
Loopring
LRC
|
0.88436186 |
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
|
UNUS SED LEO
LEO
|
-0.99532557 |
details, prediction |
TRON
TRX
|
-0.72708386 |
details, prediction |
ZCash
ZEC
|
-0.51605964 |
details, prediction |
Stellar
XLM
|
-0.38146868 |
details, prediction |
Binance Coin
BNB
|
0.0066096247 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.6385262 |
details, prediction |
OriginTrail
TRAC
|
-0.5608204 |
details, prediction |
Dai
DAI
|
-0.55987567 |
details, prediction |
True USD
TUSD
|
-0.39467174 |
details, prediction |
Telcoin
TEL
|
-0.33125517 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.46496665 |
details, prediction |
HEROcoin
PLAY
|
-0.3780833 |
details, prediction |
NKN
NKN
|
-0.12657565 |
details, prediction |
OPEN Platform
OPEN
|
-0.119321845 |
details, prediction |
Enjin Coin
ENJ
|
0.013006264 |
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)