Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
XRP
XRP
|
0.9329467 |
details, prediction |
Ethereum Classic
ETC
|
0.9003047 |
details, prediction |
Dogecoin
DOGE
|
0.85448855 |
details, prediction |
KuCoin Shares
KCS
|
0.74330986 |
details, prediction |
Bitcoin Cash
BCH
|
0.7337884 |
details, prediction |
|
Second tier
|
Status
SNT
|
0.9349976 |
details, prediction |
Ravencoin
RVN
|
0.9076389 |
details, prediction |
Waves
WAVES
|
0.89958644 |
details, prediction |
NEO
NEO
|
0.8948084 |
details, prediction |
Synthetix Network Token
SNX
|
0.8921895 |
details, prediction |
|
Third tier
|
Stox
STX
|
0.91007787 |
details, prediction |
Storj
STORJ
|
0.9067887 |
details, prediction |
Ontology
ONT
|
0.8975506 |
details, prediction |
Kyber Network
KNC
|
0.8929994 |
details, prediction |
PIVX
PIVX
|
0.89293915 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Crypto.com Chain 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 Crypto.com Chain
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Monero
XMR
|
0.018962706 |
details, prediction |
Stellar
XLM
|
0.27892745 |
details, prediction |
Ethereum
ETH
|
0.33406264 |
details, prediction |
TRON
TRX
|
0.44890714 |
details, prediction |
ChainLink
LINK
|
0.46323714 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.74599516 |
details, prediction |
DigiByte
DGB
|
-0.23160276 |
details, prediction |
USD//Coin
USDC
|
-0.08338798 |
details, prediction |
True USD
TUSD
|
0.01095357 |
details, prediction |
Bitcoin SV
BSV
|
0.12869605 |
details, prediction |
|
Third tier
|
Achain
ACT
|
-0.46678653 |
details, prediction |
Propy
PRO
|
-0.22107665 |
details, prediction |
NKN
NKN
|
-0.20728381 |
details, prediction |
V Systems
VSYS
|
-0.19435209 |
details, prediction |
OPEN Platform
OPEN
|
0.10062037 |
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)