Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
0.9260909 |
details, prediction |
Dogecoin
DOGE
|
0.8341517 |
details, prediction |
Bitcoin
BTC
|
0.82574916 |
details, prediction |
ChainLink
LINK
|
0.73018706 |
details, prediction |
Ethereum Classic
ETC
|
0.67130125 |
details, prediction |
|
Second tier
|
Cosmos
ATOM
|
0.85116446 |
details, prediction |
Theta
THETA
|
0.7770327 |
details, prediction |
Horizen
ZEN
|
0.7611006 |
details, prediction |
DASH
DASH
|
0.72945493 |
details, prediction |
iEx.ec
RLC
|
0.66662043 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.85931045 |
details, prediction |
Bancor
BNT
|
0.83111626 |
details, prediction |
Storj
STORJ
|
0.6963528 |
details, prediction |
Chronobank
TIME
|
0.66243994 |
details, prediction |
Kyber Network
KNC
|
0.5803581 |
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
|
-0.28664437 |
details, prediction |
Crypto.com Chain
CRO
|
0.19623527 |
details, prediction |
Bitcoin Cash
BCH
|
0.20246348 |
details, prediction |
TRON
TRX
|
0.2891698 |
details, prediction |
KuCoin Shares
KCS
|
0.41797304 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.5776208 |
details, prediction |
USD//Coin
USDC
|
-0.49577814 |
details, prediction |
Verge
XVG
|
-0.23659012 |
details, prediction |
Ardor
ARDR
|
-0.07821328 |
details, prediction |
Decred
DCR
|
-0.013924662 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
-0.42754343 |
details, prediction |
NKN
NKN
|
-0.30649278 |
details, prediction |
Dent
DENT
|
-0.30622247 |
details, prediction |
Ontology
ONT
|
-0.15804783 |
details, prediction |
Wanchain
WAN
|
-0.1429793 |
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)