Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.86513263 |
details, prediction |
Ethereum Classic
ETC
|
0.77496207 |
details, prediction |
XRP
XRP
|
0.7508804 |
details, prediction |
Binance Coin
BNB
|
0.7300948 |
details, prediction |
ZCash
ZEC
|
0.6939766 |
details, prediction |
|
Second tier
|
Theta
THETA
|
0.84901816 |
details, prediction |
Horizen
ZEN
|
0.83546406 |
details, prediction |
DASH
DASH
|
0.82262605 |
details, prediction |
QTUM
QTUM
|
0.8174479 |
details, prediction |
Siacoin
SC
|
0.8021816 |
details, prediction |
|
Third tier
|
Stox
STX
|
0.8459709 |
details, prediction |
Wanchain
WAN
|
0.84120065 |
details, prediction |
Gas
GAS
|
0.8062461 |
details, prediction |
Kyber Network
KNC
|
0.8010244 |
details, prediction |
SingularityNET
AGI
|
0.7969473 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Verge 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 Verge
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.1580043 |
details, prediction |
Bitcoin Cash
BCH
|
0.4063613 |
details, prediction |
Stellar
XLM
|
0.42214212 |
details, prediction |
KuCoin Shares
KCS
|
0.43949062 |
details, prediction |
Cardano
ADA
|
0.45587403 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.44831413 |
details, prediction |
True USD
TUSD
|
-0.38448867 |
details, prediction |
aelf
ELF
|
-0.35050842 |
details, prediction |
Dai
DAI
|
-0.25013027 |
details, prediction |
Ravencoin
RVN
|
-0.23045498 |
details, prediction |
|
Third tier
|
NKN
NKN
|
-0.74362916 |
details, prediction |
Matrix AI Network
MAN
|
-0.5602949 |
details, prediction |
ICON
ICX
|
-0.36540353 |
details, prediction |
Constellation
DAG
|
-0.3079993 |
details, prediction |
Storj
STORJ
|
-0.24011151 |
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)