Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
0.99265397 |
details, prediction |
Crypto.com Chain
CRO
|
0.9811186 |
details, prediction |
Ethereum Classic
ETC
|
0.8370882 |
details, prediction |
Bitcoin Cash
BCH
|
0.7875915 |
details, prediction |
Stellar
XLM
|
0.76384306 |
details, prediction |
|
Second tier
|
Cosmos
ATOM
|
0.9998297 |
details, prediction |
Vechain
VET
|
0.99966335 |
details, prediction |
Bitcoin SV
BSV
|
0.9970024 |
details, prediction |
Chiliz
CHZ
|
0.99690884 |
details, prediction |
USD//Coin
USDC
|
0.9890206 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
0.88560885 |
details, prediction |
Electroneum
ETN
|
0.87291753 |
details, prediction |
NEM
XEM
|
0.87024707 |
details, prediction |
Dent
DENT
|
0.84557474 |
details, prediction |
Phantasma
SOUL
|
0.84451187 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Theta 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
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.8059991 |
details, prediction |
Binance Coin
BNB
|
-0.7241131 |
details, prediction |
Dogecoin
DOGE
|
-0.31830668 |
details, prediction |
XRP
XRP
|
-0.032943685 |
details, prediction |
KuCoin Shares
KCS
|
0.45446554 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.8352174 |
details, prediction |
True USD
TUSD
|
-0.4196113 |
details, prediction |
Verge
XVG
|
-0.042842146 |
details, prediction |
Zilliqa
ZIL
|
0.17792845 |
details, prediction |
Decred
DCR
|
0.19592087 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.98801666 |
details, prediction |
Dero
DERO
|
-0.6240415 |
details, prediction |
Constellation
DAG
|
-0.5272472 |
details, prediction |
Elastos
ELA
|
-0.07036286 |
details, prediction |
Komodo
KMD
|
-0.023158295 |
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)