Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.89424604 |
details, prediction |
XRP
XRP
|
0.8797038 |
details, prediction |
Binance Coin
BNB
|
0.87936485 |
details, prediction |
Ethereum
ETH
|
0.8073906 |
details, prediction |
ChainLink
LINK
|
0.80411124 |
details, prediction |
|
Second tier
|
Theta
THETA
|
0.82017034 |
details, prediction |
DigiByte
DGB
|
0.8045735 |
details, prediction |
Chiliz
CHZ
|
0.7865896 |
details, prediction |
Ravencoin
RVN
|
0.7774048 |
details, prediction |
Tezos
XTZ
|
0.771761 |
details, prediction |
|
Third tier
|
Bancor
BNT
|
0.8096097 |
details, prediction |
QuarkChain
QKC
|
0.7936156 |
details, prediction |
Enjin Coin
ENJ
|
0.78923 |
details, prediction |
Metal
MTL
|
0.78178585 |
details, prediction |
Kyber Network
KNC
|
0.77538794 |
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
|
-0.5843476 |
details, prediction |
Crypto.com Chain
CRO
|
-0.3116286 |
details, prediction |
Cardano
ADA
|
-0.23477301 |
details, prediction |
Ethereum Classic
ETC
|
0.02339267 |
details, prediction |
Bitcoin Cash
BCH
|
0.07739813 |
details, prediction |
|
Second tier
|
Telcoin
TEL
|
-0.8399568 |
details, prediction |
Dai
DAI
|
-0.7823329 |
details, prediction |
Verge
XVG
|
-0.7718574 |
details, prediction |
USD//Coin
USDC
|
-0.676605 |
details, prediction |
Algorand
ALGO
|
-0.5635716 |
details, prediction |
|
Third tier
|
Dero
DERO
|
-0.8009044 |
details, prediction |
FunFair
FUN
|
-0.7794775 |
details, prediction |
Constellation
DAG
|
-0.77886593 |
details, prediction |
Dent
DENT
|
-0.7556399 |
details, prediction |
Phantasma
SOUL
|
-0.7453308 |
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)