Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.2942439 |
details, prediction |
XRP
XRP
|
0.2857281 |
details, prediction |
Binance Coin
BNB
|
0.27663717 |
details, prediction |
TRON
TRX
|
0.20190193 |
details, prediction |
Bitcoin Cash
BCH
|
0.18492936 |
details, prediction |
|
Second tier
|
EOS
EOS
|
0.5551096 |
details, prediction |
Dai
DAI
|
0.490617 |
details, prediction |
Ardor
ARDR
|
0.33756799 |
details, prediction |
Request Network
REQ
|
0.27602896 |
details, prediction |
Waves
WAVES
|
0.27156985 |
details, prediction |
|
Third tier
|
Kambria
KAT
|
0.679044 |
details, prediction |
HEROcoin
PLAY
|
0.47672513 |
details, prediction |
Dero
DERO
|
0.45205748 |
details, prediction |
NKN
NKN
|
0.4023895 |
details, prediction |
Elastos
ELA
|
0.3556319 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that True USD 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 True USD
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
-0.13305992 |
details, prediction |
Crypto.com Chain
CRO
|
-0.056448977 |
details, prediction |
ChainLink
LINK
|
-0.043039232 |
details, prediction |
ZCash
ZEC
|
0.004848999 |
details, prediction |
Cardano
ADA
|
0.03212647 |
details, prediction |
|
Second tier
|
Decred
DCR
|
-0.47495022 |
details, prediction |
Nexo
NEXO
|
-0.30588192 |
details, prediction |
Verge
XVG
|
-0.13157958 |
details, prediction |
HoloToken
HOT
|
-0.073890604 |
details, prediction |
Bitcoin SV
BSV
|
-0.06578029 |
details, prediction |
|
Third tier
|
Propy
PRO
|
-0.40077585 |
details, prediction |
Dent
DENT
|
-0.35507846 |
details, prediction |
Kleros
PNK
|
-0.2408486 |
details, prediction |
BABB
BAX
|
-0.22423302 |
details, prediction |
Streamr DATAcoin
DATA
|
-0.11932388 |
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)