Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.93131655 |
details, prediction |
Cardano
ADA
|
0.9193178 |
details, prediction |
KuCoin Shares
KCS
|
0.91013515 |
details, prediction |
Ethereum Classic
ETC
|
0.8920502 |
details, prediction |
ZCash
ZEC
|
0.87499416 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
0.99394745 |
details, prediction |
Siacoin
SC
|
0.99158245 |
details, prediction |
Request Network
REQ
|
0.98315626 |
details, prediction |
Status
SNT
|
0.9808122 |
details, prediction |
Waves
WAVES
|
0.9770746 |
details, prediction |
|
Third tier
|
IoTeX
IOTX
|
0.9927528 |
details, prediction |
Internet of Services
IOST
|
0.9877935 |
details, prediction |
Loopring
LRC
|
0.98177826 |
details, prediction |
Kleros
PNK
|
0.9812246 |
details, prediction |
ICON
ICX
|
0.97828645 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Theta Fuel 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 Theta Fuel
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.72460055 |
details, prediction |
UNUS SED LEO
LEO
|
0.11372649 |
details, prediction |
Binance Coin
BNB
|
0.6305959 |
details, prediction |
Stellar
XLM
|
0.67158914 |
details, prediction |
ChainLink
LINK
|
0.70945024 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.35206327 |
details, prediction |
Decred
DCR
|
-0.34718388 |
details, prediction |
True USD
TUSD
|
0.16350965 |
details, prediction |
Nexo
NEXO
|
0.3371748 |
details, prediction |
Verge
XVG
|
0.47638223 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
-0.32923797 |
details, prediction |
Dent
DENT
|
-0.27737904 |
details, prediction |
Propy
PRO
|
0.074426554 |
details, prediction |
NKN
NKN
|
0.13827655 |
details, prediction |
OPEN Platform
OPEN
|
0.17668165 |
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)