Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin
BTC
|
0.6915344 |
details, prediction |
Dogecoin
DOGE
|
0.6626948 |
details, prediction |
Monero
XMR
|
0.6156338 |
details, prediction |
ChainLink
LINK
|
0.6068806 |
details, prediction |
Ethereum Classic
ETC
|
0.59815997 |
details, prediction |
|
Second tier
|
0x
ZRX
|
0.8174619 |
details, prediction |
iEx.ec
RLC
|
0.78603756 |
details, prediction |
Horizen
ZEN
|
0.7538623 |
details, prediction |
Cosmos
ATOM
|
0.64048743 |
details, prediction |
Decentraland
MANA
|
0.62373334 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.9734466 |
details, prediction |
Bancor
BNT
|
0.81676453 |
details, prediction |
OPEN Platform
OPEN
|
0.76977915 |
details, prediction |
HEROcoin
PLAY
|
0.766662 |
details, prediction |
Metal
MTL
|
0.6812486 |
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
|
Crypto.com Chain
CRO
|
-0.29188198 |
details, prediction |
Stellar
XLM
|
-0.10115088 |
details, prediction |
TRON
TRX
|
0.054837078 |
details, prediction |
Bitcoin Cash
BCH
|
0.057911452 |
details, prediction |
UNUS SED LEO
LEO
|
0.09753284 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.70163983 |
details, prediction |
USD//Coin
USDC
|
-0.49059102 |
details, prediction |
Verge
XVG
|
-0.44313386 |
details, prediction |
Decred
DCR
|
-0.3190455 |
details, prediction |
Bitcoin Gold
BTG
|
-0.2917404 |
details, prediction |
|
Third tier
|
Dent
DENT
|
-0.6500204 |
details, prediction |
FunFair
FUN
|
-0.63541645 |
details, prediction |
Wanchain
WAN
|
-0.56058705 |
details, prediction |
Phantasma
SOUL
|
-0.46524954 |
details, prediction |
BABB
BAX
|
-0.41814563 |
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)