Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Litecoin
LTC
|
0.69824237 |
details, prediction |
Bitcoin Cash
BCH
|
0.6293705 |
details, prediction |
Bitcoin
BTC
|
0.5411217 |
details, prediction |
Ethereum
ETH
|
0.5379759 |
details, prediction |
Cardano
ADA
|
0.51805514 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
0.7097729 |
details, prediction |
HoloToken
HOT
|
0.64261395 |
details, prediction |
Bitcoin SV
BSV
|
0.5700333 |
details, prediction |
Decentraland
MANA
|
0.5654015 |
details, prediction |
Decred
DCR
|
0.53565097 |
details, prediction |
|
Third tier
|
SysCoin
SYS
|
0.7137561 |
details, prediction |
Dero
DERO
|
0.6734985 |
details, prediction |
Achain
ACT
|
0.657354 |
details, prediction |
Bancor
BNT
|
0.6255615 |
details, prediction |
Hydro Protocol
HOT
|
0.61354977 |
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
|
0.058541253 |
details, prediction |
Dogecoin
DOGE
|
0.24195883 |
details, prediction |
Monero
XMR
|
0.31780306 |
details, prediction |
Ethereum Classic
ETC
|
0.37664562 |
details, prediction |
ZCash
ZEC
|
0.40677634 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.5908649 |
details, prediction |
Ardor
ARDR
|
-0.22630385 |
details, prediction |
Telcoin
TEL
|
-0.15364775 |
details, prediction |
Cosmos
ATOM
|
-0.06502911 |
details, prediction |
Waves
WAVES
|
-0.056099247 |
details, prediction |
|
Third tier
|
BABB
BAX
|
-0.51304483 |
details, prediction |
OPEN Platform
OPEN
|
-0.39955837 |
details, prediction |
Electroneum
ETN
|
-0.3100697 |
details, prediction |
Matrix AI Network
MAN
|
-0.25633433 |
details, prediction |
ICON
ICX
|
-0.16525085 |
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)