Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
0.7117376 |
details, prediction |
Binance Coin
BNB
|
0.4707495 |
details, prediction |
Monero
XMR
|
0.32803667 |
details, prediction |
Ethereum Classic
ETC
|
0.2665697 |
details, prediction |
ChainLink
LINK
|
0.22255822 |
details, prediction |
|
Second tier
|
Telcoin
TEL
|
0.7419831 |
details, prediction |
OriginTrail
TRAC
|
0.5631767 |
details, prediction |
DASH
DASH
|
0.4075348 |
details, prediction |
Cosmos
ATOM
|
0.4070093 |
details, prediction |
Synthetix Network Token
SNX
|
0.26787826 |
details, prediction |
|
Third tier
|
Komodo
KMD
|
0.66521937 |
details, prediction |
Constellation
DAG
|
0.6612239 |
details, prediction |
FunFair
FUN
|
0.6219794 |
details, prediction |
V Systems
VSYS
|
0.5989226 |
details, prediction |
Stox
STX
|
0.4111796 |
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
|
Bitcoin Cash
BCH
|
-0.08560426 |
details, prediction |
Stellar
XLM
|
-0.0653949 |
details, prediction |
Ethereum
ETH
|
-0.057380393 |
details, prediction |
XRP
XRP
|
0.047371827 |
details, prediction |
Litecoin
LTC
|
0.04995044 |
details, prediction |
|
Second tier
|
True USD
TUSD
|
-0.16257943 |
details, prediction |
Ardor
ARDR
|
-0.15188526 |
details, prediction |
Verge
XVG
|
-0.12656267 |
details, prediction |
Nexo
NEXO
|
-0.11850081 |
details, prediction |
Bitcoin Gold
BTG
|
-0.08639971 |
details, prediction |
|
Third tier
|
Chronobank
TIME
|
-0.5843476 |
details, prediction |
BABB
BAX
|
-0.54668045 |
details, prediction |
SysCoin
SYS
|
-0.42092335 |
details, prediction |
OPEN Platform
OPEN
|
-0.41808677 |
details, prediction |
Dent
DENT
|
-0.33241177 |
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)