Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
0.9871306 |
details, prediction |
Crypto.com Chain
CRO
|
0.9569444 |
details, prediction |
Ethereum Classic
ETC
|
0.83156383 |
details, prediction |
Cardano
ADA
|
0.7770487 |
details, prediction |
Litecoin
LTC
|
0.7738548 |
details, prediction |
|
Second tier
|
Vechain
VET
|
0.9989047 |
details, prediction |
Cosmos
ATOM
|
0.9984866 |
details, prediction |
Chiliz
CHZ
|
0.9963553 |
details, prediction |
Bitcoin SV
BSV
|
0.9889035 |
details, prediction |
USD//Coin
USDC
|
0.97740847 |
details, prediction |
|
Third tier
|
Power Ledger
POWR
|
0.8612532 |
details, prediction |
SwftCoin
SWFTC
|
0.85069406 |
details, prediction |
V Systems
VSYS
|
0.8459711 |
details, prediction |
Phantasma
SOUL
|
0.8351204 |
details, prediction |
Lisk
LSK
|
0.8292666 |
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
|
-0.70499104 |
details, prediction |
UNUS SED LEO
LEO
|
0.18480726 |
details, prediction |
Binance Coin
BNB
|
0.25510737 |
details, prediction |
Dogecoin
DOGE
|
0.3358812 |
details, prediction |
ZCash
ZEC
|
0.48548025 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.72748524 |
details, prediction |
Decred
DCR
|
-0.13847697 |
details, prediction |
True USD
TUSD
|
-0.039573383 |
details, prediction |
Verge
XVG
|
0.20603316 |
details, prediction |
Zilliqa
ZIL
|
0.4602158 |
details, prediction |
|
Third tier
|
Kambria
KAT
|
-0.49437094 |
details, prediction |
HEROcoin
PLAY
|
-0.4457675 |
details, prediction |
Ontology
ONT
|
-0.17355502 |
details, prediction |
Dero
DERO
|
0.088591024 |
details, prediction |
Enjin Coin
ENJ
|
0.09345052 |
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)