Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
0.98620015 |
details, prediction |
Crypto.com Chain
CRO
|
0.9759379 |
details, prediction |
Ethereum Classic
ETC
|
0.8203183 |
details, prediction |
Cardano
ADA
|
0.80163646 |
details, prediction |
Stellar
XLM
|
0.7536633 |
details, prediction |
|
Second tier
|
Vechain
VET
|
0.9995731 |
details, prediction |
Cosmos
ATOM
|
0.9990071 |
details, prediction |
Chiliz
CHZ
|
0.9977296 |
details, prediction |
Bitcoin SV
BSV
|
0.99539465 |
details, prediction |
USD//Coin
USDC
|
0.9850132 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
0.87936974 |
details, prediction |
Power Ledger
POWR
|
0.8679841 |
details, prediction |
SwftCoin
SWFTC
|
0.8465175 |
details, prediction |
Lisk
LSK
|
0.8308989 |
details, prediction |
PIVX
PIVX
|
0.82554066 |
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
|
-0.7676762 |
details, prediction |
Binance Coin
BNB
|
0.10726281 |
details, prediction |
UNUS SED LEO
LEO
|
0.18480726 |
details, prediction |
Dogecoin
DOGE
|
0.20816383 |
details, prediction |
XRP
XRP
|
0.42659265 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.7369796 |
details, prediction |
Decred
DCR
|
-0.22841465 |
details, prediction |
True USD
TUSD
|
-0.035457868 |
details, prediction |
Verge
XVG
|
0.07027969 |
details, prediction |
Zilliqa
ZIL
|
0.352901 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.48797017 |
details, prediction |
Dero
DERO
|
-0.13809896 |
details, prediction |
Constellation
DAG
|
-0.007636486 |
details, prediction |
Dent
DENT
|
0.12460135 |
details, prediction |
BABB
BAX
|
0.22265033 |
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)