Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Litecoin
LTC
|
0.890563 |
details, prediction |
Bitcoin Cash
BCH
|
0.8203589 |
details, prediction |
Dogecoin
DOGE
|
0.5080794 |
details, prediction |
Binance Coin
BNB
|
0.3423108 |
details, prediction |
XRP
XRP
|
0.07009721 |
details, prediction |
|
Second tier
|
Dai
DAI
|
0.8905872 |
details, prediction |
True USD
TUSD
|
0.59110856 |
details, prediction |
Verge
XVG
|
0.17423709 |
details, prediction |
Decred
DCR
|
0.0546349 |
details, prediction |
DigiByte
DGB
|
-0.02111101 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
0.9490513 |
details, prediction |
Dero
DERO
|
0.8351758 |
details, prediction |
Constellation
DAG
|
0.44399926 |
details, prediction |
Elastos
ELA
|
0.3332134 |
details, prediction |
Komodo
KMD
|
0.30544296 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that TRON 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 TRON
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
-0.7845066 |
details, prediction |
ChainLink
LINK
|
-0.7610135 |
details, prediction |
Ethereum Classic
ETC
|
-0.51957846 |
details, prediction |
Cardano
ADA
|
-0.5095052 |
details, prediction |
ZCash
ZEC
|
-0.4082028 |
details, prediction |
|
Second tier
|
Cosmos
ATOM
|
-0.812014 |
details, prediction |
Chiliz
CHZ
|
-0.8063304 |
details, prediction |
Theta
THETA
|
-0.805963 |
details, prediction |
Vechain
VET
|
-0.7921878 |
details, prediction |
Bitcoin SV
BSV
|
-0.78626853 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.5920639 |
details, prediction |
Power Ledger
POWR
|
-0.5206318 |
details, prediction |
Phantasma
SOUL
|
-0.52033204 |
details, prediction |
V Systems
VSYS
|
-0.51454556 |
details, prediction |
Kleros
PNK
|
-0.5086405 |
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)