Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
0.8783618 |
details, prediction |
Bitcoin Cash
BCH
|
0.85167 |
details, prediction |
Cardano
ADA
|
0.8378372 |
details, prediction |
Ethereum
ETH
|
0.82727045 |
details, prediction |
XRP
XRP
|
0.82714504 |
details, prediction |
|
Second tier
|
Siacoin
SC
|
0.9049192 |
details, prediction |
Decred
DCR
|
0.89444494 |
details, prediction |
Waves
WAVES
|
0.8780453 |
details, prediction |
Theta Fuel
TFUEL
|
0.8662464 |
details, prediction |
NEO
NEO
|
0.85646224 |
details, prediction |
|
Third tier
|
PIVX
PIVX
|
0.9392789 |
details, prediction |
Dent
DENT
|
0.9293647 |
details, prediction |
SingularityNET
AGI
|
0.9216217 |
details, prediction |
Gas
GAS
|
0.89951587 |
details, prediction |
Steem
STEEM
|
0.89197165 |
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
|
Stellar
XLM
|
-0.54764265 |
details, prediction |
ZCash
ZEC
|
-0.19388123 |
details, prediction |
TRON
TRX
|
-0.108718544 |
details, prediction |
Binance Coin
BNB
|
0.5173137 |
details, prediction |
Monero
XMR
|
0.52365935 |
details, prediction |
|
Second tier
|
True USD
TUSD
|
-0.8052103 |
details, prediction |
USD//Coin
USDC
|
-0.78552395 |
details, prediction |
Dai
DAI
|
-0.600907 |
details, prediction |
Telcoin
TEL
|
-0.12149531 |
details, prediction |
OriginTrail
TRAC
|
0.077332295 |
details, prediction |
|
Third tier
|
Chronobank
TIME
|
-0.68595386 |
details, prediction |
V Systems
VSYS
|
-0.2300145 |
details, prediction |
Komodo
KMD
|
-0.16973317 |
details, prediction |
Matrix AI Network
MAN
|
-0.13504836 |
details, prediction |
Propy
PRO
|
-0.11061324 |
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)