Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
0.98396504 |
details, prediction |
ZCash
ZEC
|
0.7413989 |
details, prediction |
Monero
XMR
|
0.2891698 |
details, prediction |
Dogecoin
DOGE
|
0.24908194 |
details, prediction |
Binance Coin
BNB
|
0.24320243 |
details, prediction |
|
Second tier
|
OriginTrail
TRAC
|
0.54679614 |
details, prediction |
True USD
TUSD
|
0.5334599 |
details, prediction |
USD//Coin
USDC
|
0.5166299 |
details, prediction |
DASH
DASH
|
0.49954173 |
details, prediction |
Cosmos
ATOM
|
0.4404559 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
0.6573749 |
details, prediction |
HEROcoin
PLAY
|
0.47287107 |
details, prediction |
Bancor
BNT
|
0.3581574 |
details, prediction |
Constellation
DAG
|
0.2433732 |
details, prediction |
Storj
STORJ
|
0.2263823 |
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
|
-0.53699374 |
details, prediction |
Bitcoin Cash
BCH
|
-0.38205191 |
details, prediction |
XRP
XRP
|
-0.28030062 |
details, prediction |
Cardano
ADA
|
-0.24398074 |
details, prediction |
Ethereum
ETH
|
-0.19924684 |
details, prediction |
|
Second tier
|
Ardor
ARDR
|
-0.7273038 |
details, prediction |
DigiByte
DGB
|
-0.6988151 |
details, prediction |
Decred
DCR
|
-0.66524446 |
details, prediction |
Verge
XVG
|
-0.60040534 |
details, prediction |
Bitcoin Gold
BTG
|
-0.5163859 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
-0.9375554 |
details, prediction |
Komodo
KMD
|
-0.915097 |
details, prediction |
BABB
BAX
|
-0.77744967 |
details, prediction |
NEM
XEM
|
-0.7612518 |
details, prediction |
Matrix AI Network
MAN
|
-0.7433456 |
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)