Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.8825425 |
details, prediction |
ZCash
ZEC
|
0.84808385 |
details, prediction |
Monero
XMR
|
0.84295034 |
details, prediction |
Ethereum Classic
ETC
|
0.8366116 |
details, prediction |
KuCoin Shares
KCS
|
0.8356308 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
0.9661533 |
details, prediction |
Theta Fuel
TFUEL
|
0.9633476 |
details, prediction |
Request Network
REQ
|
0.96001804 |
details, prediction |
Siacoin
SC
|
0.9588742 |
details, prediction |
Waves
WAVES
|
0.95079416 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.97026825 |
details, prediction |
AdEx
ADX
|
0.95524573 |
details, prediction |
Internet of Services
IOST
|
0.95348525 |
details, prediction |
Komodo
KMD
|
0.9472607 |
details, prediction |
SysCoin
SYS
|
0.9472472 |
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
|
-0.4732638 |
details, prediction |
UNUS SED LEO
LEO
|
-0.12957683 |
details, prediction |
Binance Coin
BNB
|
0.57859397 |
details, prediction |
ChainLink
LINK
|
0.6496083 |
details, prediction |
Crypto.com Chain
CRO
|
0.7085781 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.5816599 |
details, prediction |
Dai
DAI
|
-0.108100854 |
details, prediction |
Nexo
NEXO
|
0.2829832 |
details, prediction |
True USD
TUSD
|
0.36978364 |
details, prediction |
Verge
XVG
|
0.40725315 |
details, prediction |
|
Third tier
|
Dent
DENT
|
-0.5319854 |
details, prediction |
Propy
PRO
|
-0.09961523 |
details, prediction |
BABB
BAX
|
0.07664062 |
details, prediction |
OPEN Platform
OPEN
|
0.14492545 |
details, prediction |
FunFair
FUN
|
0.14683564 |
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)