Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
0.97619015 |
details, prediction |
Crypto.com Chain
CRO
|
0.9550058 |
details, prediction |
Ethereum Classic
ETC
|
0.7819741 |
details, prediction |
Bitcoin Cash
BCH
|
0.7195266 |
details, prediction |
Stellar
XLM
|
0.7018053 |
details, prediction |
|
Second tier
|
Cosmos
ATOM
|
0.99045074 |
details, prediction |
Vechain
VET
|
0.99031556 |
details, prediction |
Theta
THETA
|
0.9890206 |
details, prediction |
Bitcoin SV
BSV
|
0.9878998 |
details, prediction |
Chiliz
CHZ
|
0.9826814 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
0.85119206 |
details, prediction |
Electroneum
ETN
|
0.84260136 |
details, prediction |
NEM
XEM
|
0.8318928 |
details, prediction |
OPEN Platform
OPEN
|
0.8153555 |
details, prediction |
FunFair
FUN
|
0.8013055 |
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
|
TRON
TRX
|
-0.8151651 |
details, prediction |
Binance Coin
BNB
|
-0.7032779 |
details, prediction |
Dogecoin
DOGE
|
-0.37810716 |
details, prediction |
XRP
XRP
|
-0.007046848 |
details, prediction |
KuCoin Shares
KCS
|
0.34211236 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.80503297 |
details, prediction |
True USD
TUSD
|
-0.3310021 |
details, prediction |
Verge
XVG
|
-0.06379403 |
details, prediction |
Zilliqa
ZIL
|
0.131408 |
details, prediction |
DigiByte
DGB
|
0.19827811 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.9701803 |
details, prediction |
Dero
DERO
|
-0.6161149 |
details, prediction |
Constellation
DAG
|
-0.49701768 |
details, prediction |
Elastos
ELA
|
-0.07435377 |
details, prediction |
Komodo
KMD
|
-0.05141502 |
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)