Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
ChainLink
LINK
|
0.6662497 |
details, prediction |
DASH
DASH
|
0.6381505 |
details, prediction |
Ethereum
ETH
|
0.6315736 |
details, prediction |
Bitcoin
BTC
|
0.6292592 |
details, prediction |
Litecoin
LTC
|
0.5631116 |
details, prediction |
Second tier
|
True USD
TUSD
|
0.9921925 |
details, prediction |
Paxos Standard
PAX
|
0.9821634 |
details, prediction |
Dai
DAI
|
0.93795425 |
details, prediction |
MonaCoin
MONA
|
0.8533782 |
details, prediction |
Digix DAO
DGD
|
0.79510987 |
details, prediction |
Third tier
|
Bitbook Gambling
BXK
|
0.92678213 |
details, prediction |
Ethos (Bitquence)
BQX
|
0.9036557 |
details, prediction |
Moeda
MDA
|
0.8953558 |
details, prediction |
0chain
ZCN
|
0.8791192 |
details, prediction |
Dreamscape
DSC
|
0.8656977 |
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
|
Crypto.com Chain
CRO
|
-0.86744136 |
details, prediction |
Huobi Token
HT
|
-0.57245857 |
details, prediction |
NEO
NEO
|
-0.23603413 |
details, prediction |
Tezos
XTZ
|
-0.026802292 |
details, prediction |
Cosmos
ATOM
|
0.046216946 |
details, prediction |
Second tier
|
KuCoin Shares
KCS
|
-0.5259176 |
details, prediction |
Ontology
ONT
|
-0.516969 |
details, prediction |
CyberVein
CVT
|
-0.5003815 |
details, prediction |
HedgeTrade
HEDG
|
-0.35045558 |
details, prediction |
BitTorrent
BTT
|
-0.34233013 |
details, prediction |
Third tier
|
Aurora Chain
AOA
|
-0.8447786 |
details, prediction |
Libra Credit
LBA
|
-0.82705796 |
details, prediction |
IHT Real Estate Protocol
IHT
|
-0.8203486 |
details, prediction |
Wings DAO
WINGS
|
-0.80707633 |
details, prediction |
OneRoot Network
RNT
|
-0.7825967 |
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)