Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.36800173 |
details, prediction |
Stellar
XLM
|
0.33918262 |
details, prediction |
Dogecoin
DOGE
|
0.28940278 |
details, prediction |
Bitcoin Cash
BCH
|
0.28136098 |
details, prediction |
XRP
XRP
|
0.24603608 |
details, prediction |
|
Second tier
|
Request Network
REQ
|
0.48920736 |
details, prediction |
True USD
TUSD
|
0.48402324 |
details, prediction |
USD//Coin
USDC
|
0.46692082 |
details, prediction |
FTX Token
FTT
|
0.3417397 |
details, prediction |
Chiliz
CHZ
|
0.3127575 |
details, prediction |
|
Third tier
|
Achain
ACT
|
0.5694282 |
details, prediction |
Phantasma
SOUL
|
0.42497975 |
details, prediction |
Constellation
DAG
|
0.34593278 |
details, prediction |
Kambria
KAT
|
0.3200717 |
details, prediction |
AdEx
ADX
|
0.27135736 |
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
|
Monero
XMR
|
-0.03677231 |
details, prediction |
ZCash
ZEC
|
0.0014426704 |
details, prediction |
Cardano
ADA
|
0.055714376 |
details, prediction |
Binance Coin
BNB
|
0.07829177 |
details, prediction |
ChainLink
LINK
|
0.09978327 |
details, prediction |
|
Second tier
|
Ardor
ARDR
|
-0.13245244 |
details, prediction |
iEx.ec
RLC
|
-0.079242475 |
details, prediction |
Decred
DCR
|
-0.073356025 |
details, prediction |
DASH
DASH
|
-0.0643359 |
details, prediction |
Basic Attention Token
BAT
|
-0.056280192 |
details, prediction |
|
Third tier
|
NKN
NKN
|
-0.21995206 |
details, prediction |
BABB
BAX
|
-0.1793935 |
details, prediction |
Internet of Services
IOST
|
-0.118456066 |
details, prediction |
Lisk
LSK
|
-0.042482067 |
details, prediction |
Stox
STX
|
-0.023790136 |
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)