Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
0.9433156 |
details, prediction |
TRON
TRX
|
0.94196254 |
details, prediction |
Litecoin
LTC
|
0.93161654 |
details, prediction |
Monero
XMR
|
0.9246342 |
details, prediction |
Ethereum
ETH
|
0.9218053 |
details, prediction |
|
Second tier
|
Request Network
REQ
|
0.96559846 |
details, prediction |
Aragon
ANT
|
0.96294796 |
details, prediction |
FirstBlood
1ST
|
0.9532609 |
details, prediction |
DASH
DASH
|
0.94930714 |
details, prediction |
Nano
NANO
|
0.9467389 |
details, prediction |
|
Third tier
|
Zebi
ZCO
|
0.97609085 |
details, prediction |
Bitcore
BTX
|
0.96736056 |
details, prediction |
Revain
R
|
0.9672423 |
details, prediction |
Blockport
BPT
|
0.9657886 |
details, prediction |
TomoChain
TOMO
|
0.9641177 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Transcodium 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 Transcodium
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Binance Coin
BNB
|
-0.15658075 |
details, prediction |
Ethereum Classic
ETC
|
0.49246457 |
details, prediction |
Stellar
XLM
|
0.7467242 |
details, prediction |
KuCoin Shares
KCS
|
0.76996785 |
details, prediction |
Bitcoin
BTC
|
0.7717688 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.011824998 |
details, prediction |
Huobi Token
HT
|
0.027249413 |
details, prediction |
DigiByte
DGB
|
0.3143357 |
details, prediction |
True USD
TUSD
|
0.41228002 |
details, prediction |
Decentraland
MANA
|
0.41847178 |
details, prediction |
|
Third tier
|
Bitcedi
BXC
|
-0.8823333 |
details, prediction |
ODEM
ODEM
|
-0.75616664 |
details, prediction |
WeAreSatoshi
WSX
|
-0.7055593 |
details, prediction |
Docademic
MTC
|
-0.66455984 |
details, prediction |
GoChain
GO
|
-0.63090295 |
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)