Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Monero
XMR
|
0.83894104 |
details, prediction |
Binance Coin
BNB
|
0.7507397 |
details, prediction |
Dogecoin
DOGE
|
0.71471167 |
details, prediction |
Bitcoin
BTC
|
0.6902687 |
details, prediction |
ChainLink
LINK
|
0.6600917 |
details, prediction |
|
Second tier
|
Theta
THETA
|
0.6917769 |
details, prediction |
OriginTrail
TRAC
|
0.64786106 |
details, prediction |
DASH
DASH
|
0.6451776 |
details, prediction |
Synthetix Network Token
SNX
|
0.628673 |
details, prediction |
FTX Token
FTT
|
0.62438834 |
details, prediction |
|
Third tier
|
Bancor
BNT
|
0.76592714 |
details, prediction |
OPEN Platform
OPEN
|
0.68928623 |
details, prediction |
Storj
STORJ
|
0.58236635 |
details, prediction |
Stox
STX
|
0.5575679 |
details, prediction |
Kyber Network
KNC
|
0.51071966 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Cosmos 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 Cosmos
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.17057839 |
details, prediction |
Bitcoin Cash
BCH
|
0.23134694 |
details, prediction |
Crypto.com Chain
CRO
|
0.31147897 |
details, prediction |
KuCoin Shares
KCS
|
0.34954605 |
details, prediction |
Ethereum
ETH
|
0.40901798 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.50616246 |
details, prediction |
Dai
DAI
|
-0.3977629 |
details, prediction |
True USD
TUSD
|
-0.2859709 |
details, prediction |
Verge
XVG
|
-0.008658953 |
details, prediction |
Bitcoin Gold
BTG
|
0.15170626 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
-0.7753835 |
details, prediction |
NKN
NKN
|
-0.48070312 |
details, prediction |
Komodo
KMD
|
-0.37778547 |
details, prediction |
Dent
DENT
|
-0.28188327 |
details, prediction |
SysCoin
SYS
|
-0.2566345 |
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)