Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.9065143 |
details, prediction |
Ethereum Classic
ETC
|
0.89980537 |
details, prediction |
Bitcoin Cash
BCH
|
0.8096227 |
details, prediction |
XRP
XRP
|
0.75391567 |
details, prediction |
KuCoin Shares
KCS
|
0.69752 |
details, prediction |
|
Second tier
|
Verge
XVG
|
0.9075703 |
details, prediction |
NEO
NEO
|
0.89979243 |
details, prediction |
0x
ZRX
|
0.8941342 |
details, prediction |
Theta
THETA
|
0.8794429 |
details, prediction |
Horizen
ZEN
|
0.87879264 |
details, prediction |
|
Third tier
|
Gas
GAS
|
0.957511 |
details, prediction |
Steem
STEEM
|
0.9437052 |
details, prediction |
Lisk
LSK
|
0.9291284 |
details, prediction |
SingularityNET
AGI
|
0.9097923 |
details, prediction |
Kyber Network
KNC
|
0.8986662 |
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
|
0.24190845 |
details, prediction |
Ethereum
ETH
|
0.36242783 |
details, prediction |
ChainLink
LINK
|
0.36679882 |
details, prediction |
TRON
TRX
|
0.3766098 |
details, prediction |
ZCash
ZEC
|
0.44220406 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.8522635 |
details, prediction |
USD//Coin
USDC
|
-0.16380034 |
details, prediction |
True USD
TUSD
|
-0.089701585 |
details, prediction |
DigiByte
DGB
|
0.0097184265 |
details, prediction |
Bitcoin SV
BSV
|
0.23257935 |
details, prediction |
|
Third tier
|
NKN
NKN
|
-0.47516698 |
details, prediction |
Matrix AI Network
MAN
|
-0.25787625 |
details, prediction |
Propy
PRO
|
-0.24553373 |
details, prediction |
V Systems
VSYS
|
-0.0907391 |
details, prediction |
OPEN Platform
OPEN
|
-0.022918772 |
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)