Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Monero
XMR
|
0.70043373 |
details, prediction |
Ethereum Classic
ETC
|
0.6238348 |
details, prediction |
Cardano
ADA
|
0.62102455 |
details, prediction |
Stellar
XLM
|
0.62024176 |
details, prediction |
ChainLink
LINK
|
0.6161614 |
details, prediction |
|
Second tier
|
Algorand
ALGO
|
0.93603367 |
details, prediction |
OriginTrail
TRAC
|
0.9251148 |
details, prediction |
aelf
ELF
|
0.89939404 |
details, prediction |
Waves
WAVES
|
0.8935481 |
details, prediction |
Request Network
REQ
|
0.88667274 |
details, prediction |
|
Third tier
|
Wanchain
WAN
|
0.971667 |
details, prediction |
Enjin Coin
ENJ
|
0.9458716 |
details, prediction |
Metal
MTL
|
0.92601985 |
details, prediction |
SysCoin
SYS
|
0.9250411 |
details, prediction |
AdEx
ADX
|
0.90559846 |
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
|
Binance Coin
BNB
|
-0.33015203 |
details, prediction |
TRON
TRX
|
-0.10127417 |
details, prediction |
XRP
XRP
|
0.30057698 |
details, prediction |
KuCoin Shares
KCS
|
0.36357117 |
details, prediction |
Dogecoin
DOGE
|
0.3642671 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.111731485 |
details, prediction |
True USD
TUSD
|
-0.010942844 |
details, prediction |
Zilliqa
ZIL
|
0.16303293 |
details, prediction |
Ardor
ARDR
|
0.4920756 |
details, prediction |
Verge
XVG
|
0.5480604 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.5294653 |
details, prediction |
Constellation
DAG
|
-0.3272013 |
details, prediction |
Dero
DERO
|
0.23371153 |
details, prediction |
BOScoin
BOS
|
0.43336725 |
details, prediction |
OPEN Platform
OPEN
|
0.59610915 |
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)