Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.8945476 |
details, prediction |
Cardano
ADA
|
0.86593646 |
details, prediction |
Crypto.com Chain
CRO
|
0.85728747 |
details, prediction |
KuCoin Shares
KCS
|
0.8568597 |
details, prediction |
ZCash
ZEC
|
0.8494772 |
details, prediction |
|
Second tier
|
QTUM
QTUM
|
0.97412956 |
details, prediction |
Status
SNT
|
0.96193755 |
details, prediction |
iEx.ec
RLC
|
0.9591409 |
details, prediction |
Decentraland
MANA
|
0.95811737 |
details, prediction |
Telcoin
TEL
|
0.9577981 |
details, prediction |
|
Third tier
|
ICON
ICX
|
0.9703791 |
details, prediction |
Power Ledger
POWR
|
0.9630084 |
details, prediction |
Internet of Services
IOST
|
0.9588967 |
details, prediction |
Loopring
LRC
|
0.95636356 |
details, prediction |
Storj
STORJ
|
0.95258254 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that AdEx 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 AdEx
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.6885953 |
details, prediction |
UNUS SED LEO
LEO
|
0.016793627 |
details, prediction |
Binance Coin
BNB
|
0.49158832 |
details, prediction |
Stellar
XLM
|
0.62990224 |
details, prediction |
Ethereum
ETH
|
0.6615254 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.3512432 |
details, prediction |
Decred
DCR
|
-0.34469888 |
details, prediction |
True USD
TUSD
|
0.15244144 |
details, prediction |
Nexo
NEXO
|
0.37398785 |
details, prediction |
Verge
XVG
|
0.47445533 |
details, prediction |
|
Third tier
|
Dent
DENT
|
-0.28966182 |
details, prediction |
Ontology
ONT
|
-0.12647215 |
details, prediction |
Propy
PRO
|
0.11679688 |
details, prediction |
NKN
NKN
|
0.13006437 |
details, prediction |
OPEN Platform
OPEN
|
0.20593166 |
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)