Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.22716726 |
details, prediction |
TRON
TRX
|
-0.16284429 |
details, prediction |
Ethereum Classic
ETC
|
-0.19233337 |
details, prediction |
KuCoin Shares
KCS
|
-0.19455746 |
details, prediction |
XRP
XRP
|
-0.26439202 |
details, prediction |
|
Second tier
|
True USD
TUSD
|
0.9842513 |
details, prediction |
Dai
DAI
|
0.9535653 |
details, prediction |
Status
SNT
|
0.081385404 |
details, prediction |
Crypto.com Chain
CRO
|
0.056206044 |
details, prediction |
Basic Attention Token
BAT
|
0.03159429 |
details, prediction |
|
Third tier
|
Phantasma
SOUL
|
0.53178775 |
details, prediction |
Propy
PRO
|
0.5065518 |
details, prediction |
Matrix AI Network
MAN
|
0.40086392 |
details, prediction |
Achain
ACT
|
0.2774289 |
details, prediction |
Storj
STORJ
|
0.1807515 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that USD//Coin 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 USD//Coin
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
-0.65624887 |
details, prediction |
Binance Coin
BNB
|
-0.53096193 |
details, prediction |
Monero
XMR
|
-0.46957523 |
details, prediction |
Bitcoin Cash
BCH
|
-0.3826157 |
details, prediction |
Dogecoin
DOGE
|
-0.3598705 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
-0.77628213 |
details, prediction |
Horizen
ZEN
|
-0.44008252 |
details, prediction |
Decred
DCR
|
-0.434731 |
details, prediction |
Theta
THETA
|
-0.39784515 |
details, prediction |
Algorand
ALGO
|
-0.3876318 |
details, prediction |
|
Third tier
|
Dero
DERO
|
-0.9126667 |
details, prediction |
SysCoin
SYS
|
-0.72648877 |
details, prediction |
IoTeX
IOTX
|
-0.40915143 |
details, prediction |
QuarkChain
QKC
|
-0.37685162 |
details, prediction |
AdEx
ADX
|
-0.36922154 |
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)