Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
0.94242907 |
details, prediction |
Bitcoin
BTC
|
0.91422373 |
details, prediction |
ZCash
ZEC
|
0.8066218 |
details, prediction |
ChainLink
LINK
|
0.80125767 |
details, prediction |
Dogecoin
DOGE
|
0.75760764 |
details, prediction |
|
Second tier
|
DASH
DASH
|
0.7437502 |
details, prediction |
Synthetix Network Token
SNX
|
0.66825056 |
details, prediction |
0x
ZRX
|
0.6573352 |
details, prediction |
Theta
THETA
|
0.6455225 |
details, prediction |
Cosmos
ATOM
|
0.61596715 |
details, prediction |
|
Third tier
|
Bancor
BNT
|
0.74377966 |
details, prediction |
OPEN Platform
OPEN
|
0.71061426 |
details, prediction |
Metal
MTL
|
0.68295574 |
details, prediction |
HEROcoin
PLAY
|
0.63495475 |
details, prediction |
Storj
STORJ
|
0.56409085 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Monero 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 Monero
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
-0.51248056 |
details, prediction |
Stellar
XLM
|
-0.17748678 |
details, prediction |
Crypto.com Chain
CRO
|
-0.15636012 |
details, prediction |
Cardano
ADA
|
-0.004426469 |
details, prediction |
KuCoin Shares
KCS
|
0.17947324 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.74662846 |
details, prediction |
Verge
XVG
|
-0.6971588 |
details, prediction |
USD//Coin
USDC
|
-0.5736255 |
details, prediction |
Waves
WAVES
|
-0.45250767 |
details, prediction |
Ardor
ARDR
|
-0.41086826 |
details, prediction |
|
Third tier
|
Phantasma
SOUL
|
-0.77928793 |
details, prediction |
PIVX
PIVX
|
-0.7010909 |
details, prediction |
SysCoin
SYS
|
-0.6347196 |
details, prediction |
Dent
DENT
|
-0.5627951 |
details, prediction |
SingularityNET
AGI
|
-0.50379246 |
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)