Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
0.9938821 |
details, prediction |
Ethereum Classic
ETC
|
0.87510616 |
details, prediction |
Bitcoin Cash
BCH
|
0.83226764 |
details, prediction |
Cardano
ADA
|
0.8111595 |
details, prediction |
Stellar
XLM
|
0.8109998 |
details, prediction |
|
Second tier
|
Bitcoin SV
BSV
|
0.9880845 |
details, prediction |
Vechain
VET
|
0.983417 |
details, prediction |
Theta
THETA
|
0.9811186 |
details, prediction |
Cosmos
ATOM
|
0.98024803 |
details, prediction |
Chiliz
CHZ
|
0.9704803 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
0.88907534 |
details, prediction |
Phantasma
SOUL
|
0.86976415 |
details, prediction |
Dent
DENT
|
0.86762846 |
details, prediction |
NEM
XEM
|
0.8654962 |
details, prediction |
OPEN Platform
OPEN
|
0.8649913 |
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
|
TRON
TRX
|
-0.7845066 |
details, prediction |
Binance Coin
BNB
|
-0.6473237 |
details, prediction |
Dogecoin
DOGE
|
-0.23903407 |
details, prediction |
XRP
XRP
|
0.019771265 |
details, prediction |
KuCoin Shares
KCS
|
0.5191065 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.8381282 |
details, prediction |
True USD
TUSD
|
-0.48540714 |
details, prediction |
Verge
XVG
|
-3.959487E-4 |
details, prediction |
Ardor
ARDR
|
0.15597314 |
details, prediction |
Decred
DCR
|
0.17537184 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.97245216 |
details, prediction |
Dero
DERO
|
-0.6026585 |
details, prediction |
Constellation
DAG
|
-0.51944023 |
details, prediction |
Elastos
ELA
|
-0.05977799 |
details, prediction |
BOScoin
BOS
|
-0.049440265 |
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)