Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
0.72008646 |
details, prediction |
Binance Coin
BNB
|
0.38859138 |
details, prediction |
ChainLink
LINK
|
0.3083356 |
details, prediction |
Monero
XMR
|
0.28442964 |
details, prediction |
Crypto.com Chain
CRO
|
0.2702257 |
details, prediction |
|
Second tier
|
Telcoin
TEL
|
0.3821318 |
details, prediction |
OriginTrail
TRAC
|
0.37840837 |
details, prediction |
DASH
DASH
|
0.30086485 |
details, prediction |
DigiByte
DGB
|
0.26804778 |
details, prediction |
Synthetix Network Token
SNX
|
0.24174206 |
details, prediction |
|
Third tier
|
Constellation
DAG
|
0.70948607 |
details, prediction |
V Systems
VSYS
|
0.5320821 |
details, prediction |
Dero
DERO
|
0.48003766 |
details, prediction |
Bancor
BNT
|
0.37394187 |
details, prediction |
Stox
STX
|
0.27347198 |
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
|
-0.17745633 |
details, prediction |
Bitcoin Cash
BCH
|
0.018501347 |
details, prediction |
Dogecoin
DOGE
|
0.08656594 |
details, prediction |
Ethereum
ETH
|
0.116350114 |
details, prediction |
XRP
XRP
|
0.11663775 |
details, prediction |
|
Second tier
|
True USD
TUSD
|
-0.28058863 |
details, prediction |
Ardor
ARDR
|
-0.10336696 |
details, prediction |
Nexo
NEXO
|
-0.053338025 |
details, prediction |
Ravencoin
RVN
|
-0.001744375 |
details, prediction |
aelf
ELF
|
-8.8007277E-4 |
details, prediction |
|
Third tier
|
BABB
BAX
|
-0.6535433 |
details, prediction |
OPEN Platform
OPEN
|
-0.5574084 |
details, prediction |
SysCoin
SYS
|
-0.28126448 |
details, prediction |
Kambria
KAT
|
-0.20512857 |
details, prediction |
Enjin Coin
ENJ
|
-0.19320436 |
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)