Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.5180553 |
details, prediction |
Bitcoin
BTC
|
0.40467897 |
details, prediction |
Ethereum
ETH
|
0.4016046 |
details, prediction |
Litecoin
LTC
|
0.3971901 |
details, prediction |
XRP
XRP
|
0.38442203 |
details, prediction |
|
Second tier
|
HoloToken
HOT
|
0.522573 |
details, prediction |
Bitcoin SV
BSV
|
0.4678995 |
details, prediction |
Decentraland
MANA
|
0.44119802 |
details, prediction |
Bitcoin Gold
BTG
|
0.39572895 |
details, prediction |
DigiByte
DGB
|
0.3710385 |
details, prediction |
|
Third tier
|
Achain
ACT
|
0.6303445 |
details, prediction |
Hydro Protocol
HOT
|
0.54731214 |
details, prediction |
V Systems
VSYS
|
0.4975007 |
details, prediction |
Bancor
BNT
|
0.49112225 |
details, prediction |
Phantasma
SOUL
|
0.48077676 |
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
|
Stellar
XLM
|
0.09048328 |
details, prediction |
ZCash
ZEC
|
0.21692811 |
details, prediction |
Monero
XMR
|
0.23268895 |
details, prediction |
Binance Coin
BNB
|
0.30259934 |
details, prediction |
Dogecoin
DOGE
|
0.31902933 |
details, prediction |
|
Second tier
|
Chiliz
CHZ
|
-0.2035715 |
details, prediction |
Ardor
ARDR
|
-0.15895021 |
details, prediction |
Ravencoin
RVN
|
-0.15664673 |
details, prediction |
Telcoin
TEL
|
-0.15061359 |
details, prediction |
Waves
WAVES
|
-0.12045809 |
details, prediction |
|
Third tier
|
BABB
BAX
|
-0.5569 |
details, prediction |
ICON
ICX
|
-0.19233552 |
details, prediction |
Elastos
ELA
|
-0.17713298 |
details, prediction |
OPEN Platform
OPEN
|
-0.15362523 |
details, prediction |
Enjin Coin
ENJ
|
-0.15358931 |
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)