Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.59110856 |
details, prediction |
XRP
XRP
|
0.24380971 |
details, prediction |
Dogecoin
DOGE
|
0.17988886 |
details, prediction |
Binance Coin
BNB
|
0.16930582 |
details, prediction |
UNUS SED LEO
LEO
|
0.025733188 |
details, prediction |
|
Second tier
|
Dai
DAI
|
0.51644886 |
details, prediction |
EOS
EOS
|
0.40686822 |
details, prediction |
Ardor
ARDR
|
0.39592758 |
details, prediction |
Decred
DCR
|
0.16407645 |
details, prediction |
DigiByte
DGB
|
0.0074397293 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
0.56870633 |
details, prediction |
Dero
DERO
|
0.5221497 |
details, prediction |
BOScoin
BOS
|
0.49224204 |
details, prediction |
Komodo
KMD
|
0.37403366 |
details, prediction |
Constellation
DAG
|
0.30673516 |
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
|
KuCoin Shares
KCS
|
-0.5395121 |
details, prediction |
Bitcoin Cash
BCH
|
-0.51851153 |
details, prediction |
Crypto.com Chain
CRO
|
-0.48540714 |
details, prediction |
Cardano
ADA
|
-0.3760079 |
details, prediction |
ChainLink
LINK
|
-0.32735115 |
details, prediction |
|
Second tier
|
Telcoin
TEL
|
-0.37938383 |
details, prediction |
IOTA
IOT
|
-0.34580925 |
details, prediction |
Cosmos
ATOM
|
-0.3312668 |
details, prediction |
Nexo
NEXO
|
-0.3308009 |
details, prediction |
Chiliz
CHZ
|
-0.33034453 |
details, prediction |
|
Third tier
|
Phantasma
SOUL
|
-0.48070967 |
details, prediction |
Matrix AI Network
MAN
|
-0.47071385 |
details, prediction |
Propy
PRO
|
-0.39346585 |
details, prediction |
Stox
STX
|
-0.393278 |
details, prediction |
OPEN Platform
OPEN
|
-0.35263148 |
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)