Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum Classic
ETC
|
0.79764444 |
details, prediction |
Dogecoin
DOGE
|
0.72801965 |
details, prediction |
Stellar
XLM
|
0.7043271 |
details, prediction |
Bitcoin Cash
BCH
|
0.6614219 |
details, prediction |
ZCash
ZEC
|
0.65382975 |
details, prediction |
|
Second tier
|
FTX Token
FTT
|
0.80487186 |
details, prediction |
Siacoin
SC
|
0.79379207 |
details, prediction |
IOTA
IOT
|
0.79000163 |
details, prediction |
Tezos
XTZ
|
0.77336943 |
details, prediction |
Verge
XVG
|
0.76144665 |
details, prediction |
|
Third tier
|
IoTeX
IOTX
|
0.7648628 |
details, prediction |
Internet of Services
IOST
|
0.7482872 |
details, prediction |
Gas
GAS
|
0.74586594 |
details, prediction |
Kyber Network
KNC
|
0.7358764 |
details, prediction |
QuarkChain
QKC
|
0.72965 |
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
|
0.19564117 |
details, prediction |
Monero
XMR
|
0.45474115 |
details, prediction |
Ethereum
ETH
|
0.48378822 |
details, prediction |
Cardano
ADA
|
0.50437534 |
details, prediction |
Bitcoin
BTC
|
0.54935974 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
-0.36003047 |
details, prediction |
USD//Coin
USDC
|
-0.23142874 |
details, prediction |
True USD
TUSD
|
-0.18105571 |
details, prediction |
DigiByte
DGB
|
-0.059375294 |
details, prediction |
aelf
ELF
|
0.036069557 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.61980575 |
details, prediction |
HEROcoin
PLAY
|
-0.49133983 |
details, prediction |
NKN
NKN
|
-0.42350763 |
details, prediction |
Propy
PRO
|
-0.40452033 |
details, prediction |
Matrix AI Network
MAN
|
-0.34690943 |
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)