Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.9761758 |
details, prediction |
XRP
XRP
|
0.9554225 |
details, prediction |
Litecoin
LTC
|
0.9543404 |
details, prediction |
Bitcoin Cash
BCH
|
0.9460225 |
details, prediction |
Ethereum
ETH
|
0.90384275 |
details, prediction |
|
Second tier
|
Theta Fuel
TFUEL
|
0.9607396 |
details, prediction |
Ravencoin
RVN
|
0.95761645 |
details, prediction |
Tezos
XTZ
|
0.9572706 |
details, prediction |
Siacoin
SC
|
0.9535516 |
details, prediction |
Bitcoin Gold
BTG
|
0.9526728 |
details, prediction |
|
Third tier
|
IoTeX
IOTX
|
0.9704937 |
details, prediction |
Steem
STEEM
|
0.9675713 |
details, prediction |
SwftCoin
SWFTC
|
0.967381 |
details, prediction |
Internet of Services
IOST
|
0.9615655 |
details, prediction |
Civic
CVC
|
0.9586493 |
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
|
Stellar
XLM
|
-0.49363515 |
details, prediction |
ZCash
ZEC
|
-0.331642 |
details, prediction |
TRON
TRX
|
0.15405631 |
details, prediction |
Monero
XMR
|
0.48487794 |
details, prediction |
Binance Coin
BNB
|
0.5958182 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.37297416 |
details, prediction |
Dai
DAI
|
-0.31499043 |
details, prediction |
True USD
TUSD
|
-0.29035872 |
details, prediction |
Telcoin
TEL
|
-0.21375874 |
details, prediction |
OriginTrail
TRAC
|
-0.087028354 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.15445545 |
details, prediction |
OPEN Platform
OPEN
|
-0.06446129 |
details, prediction |
Chronobank
TIME
|
0.020852719 |
details, prediction |
Komodo
KMD
|
0.09815464 |
details, prediction |
Enjin Coin
ENJ
|
0.14568427 |
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)