Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
0.88026226 |
details, prediction |
Bitcoin Cash
BCH
|
0.60353917 |
details, prediction |
Cardano
ADA
|
0.55509233 |
details, prediction |
XRP
XRP
|
0.3916816 |
details, prediction |
Litecoin
LTC
|
0.38282248 |
details, prediction |
|
Second tier
|
Decred
DCR
|
0.8923331 |
details, prediction |
Bitcoin Gold
BTG
|
0.7660421 |
details, prediction |
Siacoin
SC
|
0.7095521 |
details, prediction |
Ardor
ARDR
|
0.6634667 |
details, prediction |
DigiByte
DGB
|
0.6588646 |
details, prediction |
|
Third tier
|
Dent
DENT
|
0.95306075 |
details, prediction |
Loopring
LRC
|
0.8995302 |
details, prediction |
PIVX
PIVX
|
0.8909228 |
details, prediction |
BABB
BAX
|
0.8622028 |
details, prediction |
SingularityNET
AGI
|
0.7798115 |
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
|
-0.9934609 |
details, prediction |
TRON
TRX
|
-0.68983734 |
details, prediction |
ZCash
ZEC
|
-0.6768488 |
details, prediction |
Monero
XMR
|
-0.5115895 |
details, prediction |
Dogecoin
DOGE
|
-0.3656681 |
details, prediction |
|
Second tier
|
True USD
TUSD
|
-0.5844328 |
details, prediction |
Cosmos
ATOM
|
-0.53991663 |
details, prediction |
Algorand
ALGO
|
-0.48383227 |
details, prediction |
Theta
THETA
|
-0.47150987 |
details, prediction |
OriginTrail
TRAC
|
-0.44172353 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.726102 |
details, prediction |
OPEN Platform
OPEN
|
-0.6721725 |
details, prediction |
Enjin Coin
ENJ
|
-0.50165033 |
details, prediction |
Bancor
BNT
|
-0.4883999 |
details, prediction |
V Systems
VSYS
|
-0.46235207 |
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)