Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
XRP
XRP
|
0.8048994 |
details, prediction |
Dogecoin
DOGE
|
0.7826323 |
details, prediction |
Binance Coin
BNB
|
0.7686004 |
details, prediction |
Crypto.com Chain
CRO
|
0.7661816 |
details, prediction |
Bitcoin Cash
BCH
|
0.7540834 |
details, prediction |
|
Second tier
|
Tezos
XTZ
|
0.8438875 |
details, prediction |
Theta Fuel
TFUEL
|
0.83819646 |
details, prediction |
DigiByte
DGB
|
0.8050299 |
details, prediction |
Request Network
REQ
|
0.79942673 |
details, prediction |
Siacoin
SC
|
0.79384565 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.9598442 |
details, prediction |
IoTeX
IOTX
|
0.8276837 |
details, prediction |
Stox
STX
|
0.82335025 |
details, prediction |
Internet of Services
IOST
|
0.79116476 |
details, prediction |
Komodo
KMD
|
0.78895336 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Chronobank 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 Chronobank
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.7459718 |
details, prediction |
ZCash
ZEC
|
0.12826915 |
details, prediction |
Ethereum
ETH
|
0.4837164 |
details, prediction |
KuCoin Shares
KCS
|
0.60236645 |
details, prediction |
Bitcoin
BTC
|
0.6302455 |
details, prediction |
|
Second tier
|
Algorand
ALGO
|
-0.23873481 |
details, prediction |
Nexo
NEXO
|
-0.21351276 |
details, prediction |
Dai
DAI
|
0.06138783 |
details, prediction |
Bitcoin SV
BSV
|
0.066077456 |
details, prediction |
Decred
DCR
|
0.08247112 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.7074147 |
details, prediction |
V Systems
VSYS
|
-0.43067685 |
details, prediction |
FunFair
FUN
|
-0.20317738 |
details, prediction |
LAToken
LA
|
-0.18878342 |
details, prediction |
OPEN Platform
OPEN
|
-0.18311842 |
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)