Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum
ETH
|
0.90474516 |
details, prediction |
Bitcoin Cash
BCH
|
0.86776 |
details, prediction |
KuCoin Shares
KCS
|
0.86070377 |
details, prediction |
Litecoin
LTC
|
0.8606859 |
details, prediction |
XRP
XRP
|
0.8536389 |
details, prediction |
|
Second tier
|
Vechain
VET
|
0.9095582 |
details, prediction |
Ravencoin
RVN
|
0.89551127 |
details, prediction |
aelf
ELF
|
0.8859525 |
details, prediction |
Nexo
NEXO
|
0.88223815 |
details, prediction |
Decentraland
MANA
|
0.88170815 |
details, prediction |
|
Third tier
|
LAToken
LA
|
0.9299719 |
details, prediction |
ICON
ICX
|
0.90254354 |
details, prediction |
Lisk
LSK
|
0.8966135 |
details, prediction |
Gas
GAS
|
0.894106 |
details, prediction |
SingularityNET
AGI
|
0.88739645 |
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
|
Stellar
XLM
|
-0.5512659 |
details, prediction |
TRON
TRX
|
-0.25167707 |
details, prediction |
ZCash
ZEC
|
-0.22204676 |
details, prediction |
Binance Coin
BNB
|
0.34692645 |
details, prediction |
Monero
XMR
|
0.47127533 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.73395455 |
details, prediction |
Dai
DAI
|
-0.7286461 |
details, prediction |
Telcoin
TEL
|
-0.51845545 |
details, prediction |
OriginTrail
TRAC
|
-0.33407667 |
details, prediction |
True USD
TUSD
|
-0.31690958 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
-0.61514306 |
details, prediction |
V Systems
VSYS
|
-0.15707836 |
details, prediction |
Komodo
KMD
|
-0.096046224 |
details, prediction |
Chronobank
TIME
|
-0.056479234 |
details, prediction |
Matrix AI Network
MAN
|
0.071735695 |
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)