Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.19606812 |
details, prediction |
TRON
TRX
|
0.068671145 |
details, prediction |
Ethereum Classic
ETC
|
0.047262307 |
details, prediction |
KuCoin Shares
KCS
|
0.020913951 |
details, prediction |
Dogecoin
DOGE
|
-0.17120767 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
0.9819295 |
details, prediction |
Dai
DAI
|
0.8992328 |
details, prediction |
Status
SNT
|
0.3715588 |
details, prediction |
Waves
WAVES
|
0.34973055 |
details, prediction |
aelf
ELF
|
0.3244473 |
details, prediction |
|
Third tier
|
Storj
STORJ
|
0.49719015 |
details, prediction |
Phantasma
SOUL
|
0.46388176 |
details, prediction |
Matrix AI Network
MAN
|
0.44395396 |
details, prediction |
Propy
PRO
|
0.3451468 |
details, prediction |
ICON
ICX
|
0.2808047 |
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
|
Cardano
ADA
|
-0.6236969 |
details, prediction |
Binance Coin
BNB
|
-0.47110817 |
details, prediction |
Monero
XMR
|
-0.44720882 |
details, prediction |
ChainLink
LINK
|
-0.33539736 |
details, prediction |
Ethereum
ETH
|
-0.33066615 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
-0.7394514 |
details, prediction |
DigiByte
DGB
|
-0.44408378 |
details, prediction |
Decred
DCR
|
-0.4169867 |
details, prediction |
Horizen
ZEN
|
-0.34638667 |
details, prediction |
Vechain
VET
|
-0.2626994 |
details, prediction |
|
Third tier
|
Dero
DERO
|
-0.8426767 |
details, prediction |
SysCoin
SYS
|
-0.5990387 |
details, prediction |
AdEx
ADX
|
-0.2794241 |
details, prediction |
Dent
DENT
|
-0.25542068 |
details, prediction |
HEROcoin
PLAY
|
-0.22622916 |
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)