Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.50558746 |
details, prediction |
TRON
TRX
|
0.07628756 |
details, prediction |
ZCash
ZEC
|
-0.12827288 |
details, prediction |
KuCoin Shares
KCS
|
-0.47223872 |
details, prediction |
Binance Coin
BNB
|
-0.5819378 |
details, prediction |
|
Second tier
|
Dai
DAI
|
0.9687078 |
details, prediction |
True USD
TUSD
|
0.5496959 |
details, prediction |
Telcoin
TEL
|
-0.17994356 |
details, prediction |
Crypto.com Chain
CRO
|
-0.32983762 |
details, prediction |
OriginTrail
TRAC
|
-0.33492863 |
details, prediction |
|
Third tier
|
Phantasma
SOUL
|
0.3679561 |
details, prediction |
Propy
PRO
|
0.21004917 |
details, prediction |
Matrix AI Network
MAN
|
0.08003594 |
details, prediction |
V Systems
VSYS
|
0.0024925983 |
details, prediction |
Constellation
DAG
|
-0.18279037 |
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 Cash
BCH
|
-0.8686489 |
details, prediction |
Cardano
ADA
|
-0.8576341 |
details, prediction |
Dogecoin
DOGE
|
-0.8116516 |
details, prediction |
Bitcoin
BTC
|
-0.78626776 |
details, prediction |
Litecoin
LTC
|
-0.7762833 |
details, prediction |
|
Second tier
|
Vechain
VET
|
-0.872875 |
details, prediction |
Horizen
ZEN
|
-0.85593706 |
details, prediction |
Ravencoin
RVN
|
-0.8445791 |
details, prediction |
Theta
THETA
|
-0.8331301 |
details, prediction |
Bitcoin Gold
BTG
|
-0.8280248 |
details, prediction |
|
Third tier
|
SysCoin
SYS
|
-0.93293756 |
details, prediction |
AdEx
ADX
|
-0.842793 |
details, prediction |
QuarkChain
QKC
|
-0.8320636 |
details, prediction |
ARK
ARK
|
-0.8304251 |
details, prediction |
ICON
ICX
|
-0.8286263 |
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)