Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
0.46712586 |
details, prediction |
UNUS SED LEO
LEO
|
0.30812085 |
details, prediction |
Dogecoin
DOGE
|
0.18621571 |
details, prediction |
ZCash
ZEC
|
0.16215904 |
details, prediction |
KuCoin Shares
KCS
|
0.14706479 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
0.5662621 |
details, prediction |
Chiliz
CHZ
|
0.40961963 |
details, prediction |
FTX Token
FTT
|
0.28433576 |
details, prediction |
iEx.ec
RLC
|
0.2761338 |
details, prediction |
Algorand
ALGO
|
0.25788686 |
details, prediction |
|
Third tier
|
NKN
NKN
|
0.5868082 |
details, prediction |
Ontology
ONT
|
0.4245293 |
details, prediction |
Kambria
KAT
|
0.41591603 |
details, prediction |
OPEN Platform
OPEN
|
0.39368203 |
details, prediction |
Kyber Network
KNC
|
0.3701992 |
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
|
-0.7138941 |
details, prediction |
Cardano
ADA
|
-0.44604293 |
details, prediction |
XRP
XRP
|
-0.38814232 |
details, prediction |
Binance Coin
BNB
|
-0.24638703 |
details, prediction |
Litecoin
LTC
|
-0.12139551 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
-0.75744426 |
details, prediction |
Decred
DCR
|
-0.72215307 |
details, prediction |
Bitcoin Gold
BTG
|
-0.56173503 |
details, prediction |
Verge
XVG
|
-0.5348594 |
details, prediction |
Tezos
XTZ
|
-0.41371703 |
details, prediction |
|
Third tier
|
Matrix AI Network
MAN
|
-0.7530482 |
details, prediction |
Stox
STX
|
-0.75017977 |
details, prediction |
NEM
XEM
|
-0.5680027 |
details, prediction |
BABB
BAX
|
-0.4566706 |
details, prediction |
Komodo
KMD
|
-0.44948107 |
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)