Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
0.9053667 |
details, prediction |
Ethereum
ETH
|
0.88395345 |
details, prediction |
ZCash
ZEC
|
0.85801685 |
details, prediction |
Bitcoin
BTC
|
0.8157429 |
details, prediction |
Binance Coin
BNB
|
0.79005116 |
details, prediction |
|
Second tier
|
DigiByte
DGB
|
0.7964209 |
details, prediction |
Bitcoin SV
BSV
|
0.7715876 |
details, prediction |
Vechain
VET
|
0.7128171 |
details, prediction |
Bitcoin Gold
BTG
|
0.67361253 |
details, prediction |
Decred
DCR
|
0.58662975 |
details, prediction |
|
Third tier
|
Dent
DENT
|
0.6991149 |
details, prediction |
V Systems
VSYS
|
0.64697134 |
details, prediction |
Bancor
BNT
|
0.6265131 |
details, prediction |
Hydro Protocol
HOT
|
0.4750412 |
details, prediction |
AdEx
ADX
|
0.4662563 |
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
|
Stellar
XLM
|
-0.32514584 |
details, prediction |
Ethereum Classic
ETC
|
0.044367097 |
details, prediction |
KuCoin Shares
KCS
|
0.09803549 |
details, prediction |
Dogecoin
DOGE
|
0.16792503 |
details, prediction |
Bitcoin Cash
BCH
|
0.30897406 |
details, prediction |
|
Second tier
|
Waves
WAVES
|
-0.65602905 |
details, prediction |
aelf
ELF
|
-0.6292422 |
details, prediction |
Ravencoin
RVN
|
-0.61393255 |
details, prediction |
Telcoin
TEL
|
-0.58078897 |
details, prediction |
Dai
DAI
|
-0.54993415 |
details, prediction |
|
Third tier
|
Matrix AI Network
MAN
|
-0.82575446 |
details, prediction |
ICON
ICX
|
-0.80976963 |
details, prediction |
Storj
STORJ
|
-0.7509976 |
details, prediction |
Electroneum
ETN
|
-0.52805066 |
details, prediction |
PIVX
PIVX
|
-0.51105076 |
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)