Highly correlated currencies
Coin |
Correlation |
Links |
First tier
|
Theta
THETA
|
0.9821569 |
details, prediction |
Bitcoin SV
BSV
|
0.9654558 |
details, prediction |
Stellar
XLM
|
0.9634015 |
details, prediction |
ChainLink
LINK
|
0.95432043 |
details, prediction |
Cardano
ADA
|
0.9484631 |
details, prediction |
Second tier
|
Dent
DENT
|
0.9791587 |
details, prediction |
Siacoin
SC
|
0.97344106 |
details, prediction |
Bitshares
BTS
|
0.9677529 |
details, prediction |
iEx.ec
RLC
|
0.9664204 |
details, prediction |
Ontology
ONT
|
0.9661737 |
details, prediction |
Third tier
|
NKN
NKN
|
0.98118347 |
details, prediction |
Hydro Protocol
HOT
|
0.97245836 |
details, prediction |
Aion
AION
|
0.96802974 |
details, prediction |
Dock.io
DOCK
|
0.95854014 |
details, prediction |
Mithril
MITH
|
0.95308197 |
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
|
-0.3461966 |
details, prediction |
Monero
XMR
|
0.38279137 |
details, prediction |
ZCash
ZEC
|
0.6391626 |
details, prediction |
Waves
WAVES
|
0.6550578 |
details, prediction |
Ethereum Classic
ETC
|
0.7850806 |
details, prediction |
Second tier
|
USD//Coin
USDC
|
-0.9221121 |
details, prediction |
Dai
DAI
|
-0.8932801 |
details, prediction |
True USD
TUSD
|
-0.8217248 |
details, prediction |
Paxos Standard
PAX
|
-0.6792198 |
details, prediction |
EthLend
LEND
|
-0.52914715 |
details, prediction |
Third tier
|
ILCoin
ILC
|
-0.7816195 |
details, prediction |
Crypviser
CVCOIN
|
-0.7813647 |
details, prediction |
SunContract
SNC
|
-0.7547483 |
details, prediction |
FeatherCoin
FTC
|
-0.723554 |
details, prediction |
Time New Bank
TNB
|
-0.71665365 |
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)