Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
TRON
TRX
|
0.716312 |
details, prediction |
IOTA
IOT
|
0.6550365 |
details, prediction |
Ethereum
ETH
|
0.64489144 |
details, prediction |
Maker
MKR
|
0.60215676 |
details, prediction |
Cardano
ADA
|
0.5929199 |
details, prediction |
Second tier
|
Enjin Coin
ENJ
|
0.6551011 |
details, prediction |
Zilliqa
ZIL
|
0.58116746 |
details, prediction |
QTUM
QTUM
|
0.55165225 |
details, prediction |
Internet of Services
IOST
|
0.54400414 |
details, prediction |
Digix DAO
DGD
|
0.53440654 |
details, prediction |
Third tier
|
Tidex Token
TDX
|
0.9538408 |
details, prediction |
EximChain
EXC
|
0.840515 |
details, prediction |
LAToken
LA
|
0.73036665 |
details, prediction |
Santiment
SAN
|
0.69719094 |
details, prediction |
Orbitcoin
ORB
|
0.6787577 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that VeriME 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 VeriME
Low correlated currencies
Coin |
Correlation |
Links |
First tier
|
USD//Coin
USDC
|
-0.3177367 |
details, prediction |
Bitcoin SV
BSV
|
0.20162676 |
details, prediction |
Fantom
FTM
|
0.3753947 |
details, prediction |
Theta
THETA
|
0.3801535 |
details, prediction |
Stellar
XLM
|
0.38991764 |
details, prediction |
Second tier
|
Paxos Standard
PAX
|
-0.4854741 |
details, prediction |
Dai
DAI
|
-0.3216593 |
details, prediction |
True USD
TUSD
|
-0.31139383 |
details, prediction |
XYO Network
XYO
|
-0.2881571 |
details, prediction |
Waves
WAVES
|
0.20217894 |
details, prediction |
Third tier
|
Factom
FCT
|
-0.5884906 |
details, prediction |
Darico
DEC
|
-0.5657883 |
details, prediction |
CWV Chain
CWV
|
-0.5471345 |
details, prediction |
Gemini Dollar
GUSD
|
-0.49902865 |
details, prediction |
AMLT Token
AMLT
|
-0.34393698 |
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)