Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.8360176 |
details, prediction |
Cardano
ADA
|
0.7185128 |
details, prediction |
KuCoin Shares
KCS
|
0.5535365 |
details, prediction |
XRP
XRP
|
0.46787807 |
details, prediction |
Crypto.com Chain
CRO
|
0.43545616 |
details, prediction |
|
Second tier
|
Decentraland
MANA
|
0.8687537 |
details, prediction |
Zilliqa
ZIL
|
0.8588852 |
details, prediction |
Status
SNT
|
0.820871 |
details, prediction |
Ravencoin
RVN
|
0.8110769 |
details, prediction |
Theta Fuel
TFUEL
|
0.8101074 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.95630074 |
details, prediction |
ARK
ARK
|
0.9312597 |
details, prediction |
Lisk
LSK
|
0.89431673 |
details, prediction |
LAToken
LA
|
0.89061546 |
details, prediction |
QuarkChain
QKC
|
0.87173724 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Vechain 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 Vechain
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
-0.9277227 |
details, prediction |
TRON
TRX
|
-0.6607337 |
details, prediction |
ZCash
ZEC
|
-0.30044258 |
details, prediction |
Binance Coin
BNB
|
-0.20902047 |
details, prediction |
Monero
XMR
|
-0.17537142 |
details, prediction |
|
Second tier
|
OriginTrail
TRAC
|
-0.6037959 |
details, prediction |
Telcoin
TEL
|
-0.5126811 |
details, prediction |
Dai
DAI
|
-0.33248216 |
details, prediction |
USD//Coin
USDC
|
-0.304091 |
details, prediction |
True USD
TUSD
|
-0.072305165 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.5407336 |
details, prediction |
Constellation
DAG
|
-0.51897717 |
details, prediction |
NKN
NKN
|
-0.18179837 |
details, prediction |
HEROcoin
PLAY
|
-0.090636596 |
details, prediction |
Ontology
ONT
|
-0.06678241 |
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)