Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
-0.113518365 |
details, prediction |
ZCash
ZEC
|
-0.16445656 |
details, prediction |
Ethereum
ETH
|
-0.3015434 |
details, prediction |
Bitcoin
BTC
|
-0.40039027 |
details, prediction |
Dogecoin
DOGE
|
-0.4019909 |
details, prediction |
|
Second tier
|
Dai
DAI
|
0.6003363 |
details, prediction |
True USD
TUSD
|
0.20190193 |
details, prediction |
Algorand
ALGO
|
-0.016987463 |
details, prediction |
Decred
DCR
|
-0.021241145 |
details, prediction |
Nexo
NEXO
|
-0.20638609 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
0.6693291 |
details, prediction |
HEROcoin
PLAY
|
0.31701624 |
details, prediction |
OPEN Platform
OPEN
|
0.23441607 |
details, prediction |
Enjin Coin
ENJ
|
0.16617286 |
details, prediction |
Kambria
KAT
|
0.11373091 |
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
|
-0.8357661 |
details, prediction |
Cardano
ADA
|
-0.7747287 |
details, prediction |
Bitcoin Cash
BCH
|
-0.7734227 |
details, prediction |
Ethereum Classic
ETC
|
-0.67139345 |
details, prediction |
ChainLink
LINK
|
-0.6571312 |
details, prediction |
|
Second tier
|
IOTA
IOT
|
-0.8060191 |
details, prediction |
Theta Fuel
TFUEL
|
-0.80189925 |
details, prediction |
Telcoin
TEL
|
-0.7833972 |
details, prediction |
Siacoin
SC
|
-0.7814155 |
details, prediction |
Tezos
XTZ
|
-0.776474 |
details, prediction |
|
Third tier
|
NEM
XEM
|
-0.8769125 |
details, prediction |
Matrix AI Network
MAN
|
-0.8055753 |
details, prediction |
IoTeX
IOTX
|
-0.786152 |
details, prediction |
Komodo
KMD
|
-0.7830557 |
details, prediction |
Chronobank
TIME
|
-0.776821 |
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)