Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Cardano
ADA
|
0.9083486 |
details, prediction |
Dogecoin
DOGE
|
0.9018504 |
details, prediction |
Monero
XMR
|
0.8808187 |
details, prediction |
Bitcoin Cash
BCH
|
0.8786477 |
details, prediction |
Maker
MKR
|
0.87121665 |
details, prediction |
Second tier
|
Ardor
ARDR
|
0.88878506 |
details, prediction |
DASH
DASH
|
0.8770245 |
details, prediction |
Digix DAO
DGD
|
0.8749685 |
details, prediction |
aelf
ELF
|
0.8741358 |
details, prediction |
Siacoin
SC
|
0.87407386 |
details, prediction |
Third tier
|
BitcoinPlus
XBC
|
0.90929985 |
details, prediction |
WorldCoin
WDC
|
0.90721214 |
details, prediction |
Quantum Resistant Ledger
QRL
|
0.89828193 |
details, prediction |
Bitshares
BTS
|
0.8966491 |
details, prediction |
Synereo
AMP
|
0.8948113 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that TrumpCoin 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 TrumpCoin
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
Binance Coin
BNB
|
0.050350696 |
details, prediction |
Tezos
XTZ
|
0.46009332 |
details, prediction |
Theta
THETA
|
0.48580366 |
details, prediction |
Ethereum Classic
ETC
|
0.65465784 |
details, prediction |
SONM
SNM
|
0.7301698 |
details, prediction |
Second tier
|
Dai
DAI
|
-0.050340462 |
details, prediction |
Huobi Token
HT
|
0.06697565 |
details, prediction |
True USD
TUSD
|
0.20447701 |
details, prediction |
IoTeX
IOTX
|
0.44579387 |
details, prediction |
Decred
DCR
|
0.554595 |
details, prediction |
Third tier
|
Docademic
MTC
|
-0.72451663 |
details, prediction |
Bitcedi
BXC
|
-0.6063127 |
details, prediction |
WeAreSatoshi
WSX
|
-0.596222 |
details, prediction |
Ternio
TERN
|
-0.52992105 |
details, prediction |
ODEM
ODEM
|
-0.51836973 |
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)