Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
0.92423654 |
details, prediction |
TRON
TRX
|
0.5334599 |
details, prediction |
ZCash
ZEC
|
0.16575266 |
details, prediction |
Stellar
XLM
|
0.064300686 |
details, prediction |
Dogecoin
DOGE
|
0.0585404 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
0.58144027 |
details, prediction |
Dai
DAI
|
0.21278085 |
details, prediction |
Algorand
ALGO
|
0.17272282 |
details, prediction |
FTX Token
FTT
|
0.15792525 |
details, prediction |
Chiliz
CHZ
|
0.13712965 |
details, prediction |
|
Third tier
|
NKN
NKN
|
0.46360767 |
details, prediction |
OPEN Platform
OPEN
|
0.39610785 |
details, prediction |
Ontology
ONT
|
0.33549285 |
details, prediction |
V Systems
VSYS
|
0.31622225 |
details, prediction |
Kambria
KAT
|
0.31202406 |
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
|
Crypto.com Chain
CRO
|
-0.55310696 |
details, prediction |
Cardano
ADA
|
-0.33704746 |
details, prediction |
XRP
XRP
|
-0.32300332 |
details, prediction |
Binance Coin
BNB
|
-0.26342273 |
details, prediction |
Litecoin
LTC
|
-0.19572401 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
-0.75793344 |
details, prediction |
Decred
DCR
|
-0.6072441 |
details, prediction |
Verge
XVG
|
-0.58981526 |
details, prediction |
Ardor
ARDR
|
-0.4623989 |
details, prediction |
Siacoin
SC
|
-0.45662785 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
-0.79957396 |
details, prediction |
Komodo
KMD
|
-0.79081994 |
details, prediction |
Matrix AI Network
MAN
|
-0.73602504 |
details, prediction |
NEM
XEM
|
-0.5774724 |
details, prediction |
Stox
STX
|
-0.5728516 |
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)