Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Dogecoin
DOGE
|
0.6729419 |
details, prediction |
Ethereum Classic
ETC
|
0.63409007 |
details, prediction |
Monero
XMR
|
0.56210893 |
details, prediction |
Cardano
ADA
|
0.5591726 |
details, prediction |
XRP
XRP
|
0.5472247 |
details, prediction |
|
Second tier
|
Theta
THETA
|
0.8178752 |
details, prediction |
Decentraland
MANA
|
0.81124467 |
details, prediction |
0x
ZRX
|
0.77307004 |
details, prediction |
iEx.ec
RLC
|
0.75283974 |
details, prediction |
Zilliqa
ZIL
|
0.72079515 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.91635895 |
details, prediction |
ARK
ARK
|
0.8012604 |
details, prediction |
Civic
CVC
|
0.798424 |
details, prediction |
Bancor
BNT
|
0.7933361 |
details, prediction |
QuarkChain
QKC
|
0.7826151 |
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
|
TRON
TRX
|
-0.26668623 |
details, prediction |
Stellar
XLM
|
-0.17351782 |
details, prediction |
Ethereum
ETH
|
0.106414095 |
details, prediction |
Crypto.com Chain
CRO
|
0.26751435 |
details, prediction |
Bitcoin Cash
BCH
|
0.35221177 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.56340754 |
details, prediction |
USD//Coin
USDC
|
-0.48540902 |
details, prediction |
Decred
DCR
|
-0.22350426 |
details, prediction |
Verge
XVG
|
-0.15104765 |
details, prediction |
True USD
TUSD
|
-0.054706555 |
details, prediction |
|
Third tier
|
Phantasma
SOUL
|
-0.539213 |
details, prediction |
NKN
NKN
|
-0.53780836 |
details, prediction |
Ontology
ONT
|
-0.49393085 |
details, prediction |
Constellation
DAG
|
-0.43687195 |
details, prediction |
Dent
DENT
|
-0.38218254 |
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)