Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
0.9812903 |
details, prediction |
Ethereum Classic
ETC
|
0.908821 |
details, prediction |
Cardano
ADA
|
0.8867081 |
details, prediction |
Litecoin
LTC
|
0.87750983 |
details, prediction |
Stellar
XLM
|
0.8745286 |
details, prediction |
|
Second tier
|
Theta
THETA
|
0.9659049 |
details, prediction |
Bitcoin SV
BSV
|
0.9641248 |
details, prediction |
Vechain
VET
|
0.960892 |
details, prediction |
Cosmos
ATOM
|
0.9552187 |
details, prediction |
Chiliz
CHZ
|
0.95026153 |
details, prediction |
|
Third tier
|
Power Ledger
POWR
|
0.92414844 |
details, prediction |
SwftCoin
SWFTC
|
0.90766996 |
details, prediction |
Lisk
LSK
|
0.8979045 |
details, prediction |
PIVX
PIVX
|
0.89426345 |
details, prediction |
Civic
CVC
|
0.8915426 |
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
|
-0.81132567 |
details, prediction |
UNUS SED LEO
LEO
|
-0.13692121 |
details, prediction |
Binance Coin
BNB
|
0.34374636 |
details, prediction |
Dogecoin
DOGE
|
0.4411595 |
details, prediction |
XRP
XRP
|
0.6031004 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.7203336 |
details, prediction |
Decred
DCR
|
-0.2393208 |
details, prediction |
True USD
TUSD
|
-0.0841811 |
details, prediction |
Verge
XVG
|
0.2713665 |
details, prediction |
Nexo
NEXO
|
0.56851786 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.27174702 |
details, prediction |
Ontology
ONT
|
-0.20108405 |
details, prediction |
Dent
DENT
|
-0.001043992 |
details, prediction |
Dero
DERO
|
0.011526277 |
details, prediction |
NKN
NKN
|
0.22267726 |
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)