Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.31841755 |
details, prediction |
TRON
TRX
|
0.12066379 |
details, prediction |
Stellar
XLM
|
0.0111266 |
details, prediction |
KuCoin Shares
KCS
|
-0.039739594 |
details, prediction |
Cardano
ADA
|
-0.29184058 |
details, prediction |
|
Second tier
|
Dai
DAI
|
0.8551683 |
details, prediction |
True USD
TUSD
|
0.5978918 |
details, prediction |
Waves
WAVES
|
0.262611 |
details, prediction |
Verge
XVG
|
0.16154751 |
details, prediction |
Siacoin
SC
|
0.09477779 |
details, prediction |
|
Third tier
|
Phantasma
SOUL
|
0.7716187 |
details, prediction |
NKN
NKN
|
0.7551171 |
details, prediction |
Ontology
ONT
|
0.36054087 |
details, prediction |
Dero
DERO
|
0.25997573 |
details, prediction |
Wanchain
WAN
|
0.25924858 |
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
|
Bitcoin
BTC
|
-0.6622002 |
details, prediction |
Monero
XMR
|
-0.6475858 |
details, prediction |
Ethereum
ETH
|
-0.59363 |
details, prediction |
Litecoin
LTC
|
-0.5910361 |
details, prediction |
ChainLink
LINK
|
-0.57755035 |
details, prediction |
|
Second tier
|
Synthetix Network Token
SNX
|
-0.6258018 |
details, prediction |
HoloToken
HOT
|
-0.5853063 |
details, prediction |
Nexo
NEXO
|
-0.55677956 |
details, prediction |
Horizen
ZEN
|
-0.5453729 |
details, prediction |
Bitcoin SV
BSV
|
-0.51972497 |
details, prediction |
|
Third tier
|
Bancor
BNT
|
-0.58428097 |
details, prediction |
QuarkChain
QKC
|
-0.543809 |
details, prediction |
Hydro Protocol
HOT
|
-0.54117966 |
details, prediction |
Chronobank
TIME
|
-0.5108444 |
details, prediction |
Stox
STX
|
-0.48884124 |
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)