Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
0.95573837 |
details, prediction |
Bitcoin
BTC
|
0.8801089 |
details, prediction |
Monero
XMR
|
0.7770327 |
details, prediction |
ChainLink
LINK
|
0.77627206 |
details, prediction |
Dogecoin
DOGE
|
0.7528694 |
details, prediction |
|
Second tier
|
iEx.ec
RLC
|
0.8139218 |
details, prediction |
0x
ZRX
|
0.81099623 |
details, prediction |
Horizen
ZEN
|
0.78854746 |
details, prediction |
Decentraland
MANA
|
0.71885103 |
details, prediction |
Bitcoin SV
BSV
|
0.6943173 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.88550943 |
details, prediction |
Bancor
BNT
|
0.85071427 |
details, prediction |
Enjin Coin
ENJ
|
0.7401808 |
details, prediction |
LAToken
LA
|
0.7298194 |
details, prediction |
Storj
STORJ
|
0.7208638 |
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
|
Stellar
XLM
|
-0.25668308 |
details, prediction |
TRON
TRX
|
0.13163972 |
details, prediction |
Crypto.com Chain
CRO
|
0.18449076 |
details, prediction |
Bitcoin Cash
BCH
|
0.35454074 |
details, prediction |
Binance Coin
BNB
|
0.42727694 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.7980103 |
details, prediction |
USD//Coin
USDC
|
-0.6083989 |
details, prediction |
Verge
XVG
|
-0.19466922 |
details, prediction |
OriginTrail
TRAC
|
-0.07360565 |
details, prediction |
Telcoin
TEL
|
0.0038611805 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
-0.7802327 |
details, prediction |
Dent
DENT
|
-0.29514012 |
details, prediction |
Wanchain
WAN
|
-0.2811567 |
details, prediction |
Komodo
KMD
|
-0.19396482 |
details, prediction |
NKN
NKN
|
-0.15072547 |
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)