Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
XRP
XRP
|
0.7529325 |
details, prediction |
Binance Coin
BNB
|
0.7035389 |
details, prediction |
Litecoin
LTC
|
0.6645365 |
details, prediction |
Monero
XMR
|
0.66243994 |
details, prediction |
Stellar
XLM
|
0.6097095 |
details, prediction |
|
Second tier
|
Nexo
NEXO
|
0.7498762 |
details, prediction |
Tezos
XTZ
|
0.7182938 |
details, prediction |
Theta Fuel
TFUEL
|
0.68454415 |
details, prediction |
DigiByte
DGB
|
0.6585098 |
details, prediction |
Waves
WAVES
|
0.6524544 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.88489467 |
details, prediction |
IoTeX
IOTX
|
0.71710426 |
details, prediction |
QuarkChain
QKC
|
0.68681747 |
details, prediction |
Stox
STX
|
0.6724403 |
details, prediction |
ARK
ARK
|
0.62959427 |
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
|
-0.57688767 |
details, prediction |
ZCash
ZEC
|
-0.06397467 |
details, prediction |
KuCoin Shares
KCS
|
-0.012497178 |
details, prediction |
Ethereum Classic
ETC
|
0.25939575 |
details, prediction |
Bitcoin Cash
BCH
|
0.28812948 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.6495774 |
details, prediction |
Dai
DAI
|
-0.6481768 |
details, prediction |
Algorand
ALGO
|
-0.4711538 |
details, prediction |
FTX Token
FTT
|
-0.36830893 |
details, prediction |
True USD
TUSD
|
-0.3580642 |
details, prediction |
|
Third tier
|
Phantasma
SOUL
|
-0.74179566 |
details, prediction |
V Systems
VSYS
|
-0.70355415 |
details, prediction |
Ontology
ONT
|
-0.6710603 |
details, prediction |
Gas
GAS
|
-0.43990007 |
details, prediction |
FunFair
FUN
|
-0.3391963 |
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)