Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.35513875 |
details, prediction |
TRON
TRX
|
0.25808594 |
details, prediction |
KuCoin Shares
KCS
|
0.19114994 |
details, prediction |
Ethereum Classic
ETC
|
-0.103730366 |
details, prediction |
Bitcoin Cash
BCH
|
-0.20590523 |
details, prediction |
|
Second tier
|
True USD
TUSD
|
0.988045 |
details, prediction |
Dai
DAI
|
0.84115744 |
details, prediction |
aelf
ELF
|
0.73947835 |
details, prediction |
Ravencoin
RVN
|
0.59169877 |
details, prediction |
Waves
WAVES
|
0.5355257 |
details, prediction |
|
Third tier
|
Storj
STORJ
|
0.7400694 |
details, prediction |
Matrix AI Network
MAN
|
0.65577036 |
details, prediction |
ICON
ICX
|
0.6062707 |
details, prediction |
SwftCoin
SWFTC
|
0.42927432 |
details, prediction |
Enjin Coin
ENJ
|
0.41506112 |
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
|
-0.67713994 |
details, prediction |
Monero
XMR
|
-0.65122086 |
details, prediction |
ZCash
ZEC
|
-0.65036523 |
details, prediction |
Binance Coin
BNB
|
-0.64753926 |
details, prediction |
ChainLink
LINK
|
-0.56834805 |
details, prediction |
|
Second tier
|
Horizen
ZEN
|
-0.64393115 |
details, prediction |
Vechain
VET
|
-0.56978554 |
details, prediction |
DASH
DASH
|
-0.56707394 |
details, prediction |
Decred
DCR
|
-0.54943436 |
details, prediction |
DigiByte
DGB
|
-0.4757737 |
details, prediction |
|
Third tier
|
Dero
DERO
|
-0.74784213 |
details, prediction |
Dent
DENT
|
-0.49325135 |
details, prediction |
Stox
STX
|
-0.4051521 |
details, prediction |
Bancor
BNT
|
-0.32741806 |
details, prediction |
QuarkChain
QKC
|
-0.32504907 |
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)