Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Binance Coin
BNB
|
0.9523389 |
details, prediction |
ChainLink
LINK
|
0.9494274 |
details, prediction |
Bitcoin
BTC
|
0.9492929 |
details, prediction |
ZCash
ZEC
|
0.9421986 |
details, prediction |
Ethereum
ETH
|
0.9354362 |
details, prediction |
|
Second tier
|
QTUM
QTUM
|
0.9792068 |
details, prediction |
0x
ZRX
|
0.9720475 |
details, prediction |
Bitcoin SV
BSV
|
0.9488557 |
details, prediction |
Vechain
VET
|
0.94754386 |
details, prediction |
Verge
XVG
|
0.94369286 |
details, prediction |
|
Third tier
|
Gas
GAS
|
0.9578347 |
details, prediction |
Kyber Network
KNC
|
0.9360801 |
details, prediction |
Steem
STEEM
|
0.9341338 |
details, prediction |
Metal
MTL
|
0.92932093 |
details, prediction |
Bancor
BNT
|
0.92483824 |
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
|
0.14595772 |
details, prediction |
Stellar
XLM
|
0.76909965 |
details, prediction |
KuCoin Shares
KCS
|
0.77998745 |
details, prediction |
Bitcoin Cash
BCH
|
0.867923 |
details, prediction |
Monero
XMR
|
0.8912862 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
-0.75355023 |
details, prediction |
USD//Coin
USDC
|
-0.46264455 |
details, prediction |
True USD
TUSD
|
-0.40853903 |
details, prediction |
aelf
ELF
|
0.07294668 |
details, prediction |
Telcoin
TEL
|
0.19165604 |
details, prediction |
|
Third tier
|
ICON
ICX
|
-0.78897476 |
details, prediction |
Matrix AI Network
MAN
|
-0.74964935 |
details, prediction |
OPEN Platform
OPEN
|
-0.7360247 |
details, prediction |
NKN
NKN
|
-0.6675843 |
details, prediction |
Storj
STORJ
|
-0.64646715 |
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)