Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
0.85357964 |
details, prediction |
Bitcoin Cash
BCH
|
0.6702809 |
details, prediction |
Cardano
ADA
|
0.5635791 |
details, prediction |
XRP
XRP
|
0.16928877 |
details, prediction |
Stellar
XLM
|
0.010803257 |
details, prediction |
|
Second tier
|
Ardor
ARDR
|
0.75638664 |
details, prediction |
Decred
DCR
|
0.7180812 |
details, prediction |
Siacoin
SC
|
0.71129066 |
details, prediction |
Bitcoin Gold
BTG
|
0.6962674 |
details, prediction |
Theta Fuel
TFUEL
|
0.6941231 |
details, prediction |
|
Third tier
|
PIVX
PIVX
|
0.9006021 |
details, prediction |
Loopring
LRC
|
0.87788516 |
details, prediction |
Dent
DENT
|
0.83905387 |
details, prediction |
BABB
BAX
|
0.8215105 |
details, prediction |
SysCoin
SYS
|
0.7551529 |
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
|
UNUS SED LEO
LEO
|
-0.97264206 |
details, prediction |
TRON
TRX
|
-0.7851714 |
details, prediction |
Bitcoin
BTC
|
-0.7493464 |
details, prediction |
Monero
XMR
|
-0.72937125 |
details, prediction |
ZCash
ZEC
|
-0.69332737 |
details, prediction |
|
Second tier
|
Algorand
ALGO
|
-0.6265143 |
details, prediction |
True USD
TUSD
|
-0.5348594 |
details, prediction |
DASH
DASH
|
-0.49070594 |
details, prediction |
Theta
THETA
|
-0.44313386 |
details, prediction |
Cosmos
ATOM
|
-0.4364848 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.7812746 |
details, prediction |
HEROcoin
PLAY
|
-0.7740308 |
details, prediction |
Enjin Coin
ENJ
|
-0.64550734 |
details, prediction |
V Systems
VSYS
|
-0.62747335 |
details, prediction |
Bancor
BNT
|
-0.57048756 |
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)