Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Vechain
VET
|
0.97644037 |
details, prediction |
Tezos
XTZ
|
0.96227705 |
details, prediction |
Monero
XMR
|
0.96091974 |
details, prediction |
Bitcoin
BTC
|
0.9556818 |
details, prediction |
Ethereum Classic
ETC
|
0.9494901 |
details, prediction |
Second tier
|
0x
ZRX
|
0.98151773 |
details, prediction |
Siacoin
SC
|
0.97524655 |
details, prediction |
Ontology
ONT
|
0.97464144 |
details, prediction |
Nano
NANO
|
0.9735315 |
details, prediction |
GXShares
GXS
|
0.972809 |
details, prediction |
Third tier
|
Ionomy
ION
|
0.98224777 |
details, prediction |
Time New Bank
TNB
|
0.9799465 |
details, prediction |
Achain
ACT
|
0.97976583 |
details, prediction |
POA Network
POA
|
0.979019 |
details, prediction |
ZClassic
ZCL
|
0.9785651 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Universal Currency 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 Universal Currency
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
USD//Coin
USDC
|
-0.01542884 |
details, prediction |
Bitcoin SV
BSV
|
0.23267332 |
details, prediction |
TRON
TRX
|
0.2684296 |
details, prediction |
ChainLink
LINK
|
0.4160225 |
details, prediction |
XRP
XRP
|
0.83756465 |
details, prediction |
Second tier
|
Waves
WAVES
|
-0.46784496 |
details, prediction |
XYO Network
XYO
|
-0.33843085 |
details, prediction |
Dai
DAI
|
-0.22392783 |
details, prediction |
Paxos Standard
PAX
|
-0.11116177 |
details, prediction |
True USD
TUSD
|
-0.043094367 |
details, prediction |
Third tier
|
Chainium
CHX
|
-0.7183823 |
details, prediction |
Dreamscape
DSC
|
-0.7089881 |
details, prediction |
Envion
EVN
|
-0.7008639 |
details, prediction |
Factom
FCT
|
-0.6329834 |
details, prediction |
CWV Chain
CWV
|
-0.6139326 |
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)