Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Binance Coin
BNB
|
0.96433544 |
details, prediction |
Ethereum
ETH
|
0.94562715 |
details, prediction |
ChainLink
LINK
|
0.936129 |
details, prediction |
Bitcoin
BTC
|
0.92506254 |
details, prediction |
ZCash
ZEC
|
0.9181806 |
details, prediction |
|
Second tier
|
Vechain
VET
|
0.9149234 |
details, prediction |
Horizen
ZEN
|
0.9067982 |
details, prediction |
QTUM
QTUM
|
0.8844718 |
details, prediction |
Theta
THETA
|
0.8786553 |
details, prediction |
Decred
DCR
|
0.8780777 |
details, prediction |
|
Third tier
|
Bancor
BNT
|
0.8444576 |
details, prediction |
Stox
STX
|
0.83871406 |
details, prediction |
Dent
DENT
|
0.8261371 |
details, prediction |
QuarkChain
QKC
|
0.80076635 |
details, prediction |
Gas
GAS
|
0.7831234 |
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
|
TRON
TRX
|
0.15492253 |
details, prediction |
Stellar
XLM
|
0.2801208 |
details, prediction |
KuCoin Shares
KCS
|
0.28589463 |
details, prediction |
Bitcoin Cash
BCH
|
0.6402275 |
details, prediction |
Ethereum Classic
ETC
|
0.67100793 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
-0.8885969 |
details, prediction |
USD//Coin
USDC
|
-0.72104645 |
details, prediction |
True USD
TUSD
|
-0.6938394 |
details, prediction |
aelf
ELF
|
-0.50202644 |
details, prediction |
Telcoin
TEL
|
-0.46571064 |
details, prediction |
|
Third tier
|
ICON
ICX
|
-0.9399296 |
details, prediction |
Matrix AI Network
MAN
|
-0.90419066 |
details, prediction |
PIVX
PIVX
|
-0.8698055 |
details, prediction |
Storj
STORJ
|
-0.8624688 |
details, prediction |
NKN
NKN
|
-0.67818725 |
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)