Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Litecoin
LTC
|
0.97952753 |
details, prediction |
Bitcoin Cash
BCH
|
0.97418344 |
details, prediction |
Cardano
ADA
|
0.9704876 |
details, prediction |
XRP
XRP
|
0.9625167 |
details, prediction |
Crypto.com Chain
CRO
|
0.9607396 |
details, prediction |
|
Second tier
|
Ravencoin
RVN
|
0.9886084 |
details, prediction |
Tezos
XTZ
|
0.987985 |
details, prediction |
Status
SNT
|
0.9796715 |
details, prediction |
Vechain
VET
|
0.9793769 |
details, prediction |
Waves
WAVES
|
0.97914696 |
details, prediction |
|
Third tier
|
Lisk
LSK
|
0.9887016 |
details, prediction |
ARK
ARK
|
0.9849294 |
details, prediction |
Civic
CVC
|
0.98223007 |
details, prediction |
IoTeX
IOTX
|
0.98131174 |
details, prediction |
Internet of Services
IOST
|
0.97861475 |
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
|
Stellar
XLM
|
-0.61917114 |
details, prediction |
ZCash
ZEC
|
-0.1966105 |
details, prediction |
TRON
TRX
|
-0.0072462484 |
details, prediction |
Binance Coin
BNB
|
0.556904 |
details, prediction |
Monero
XMR
|
0.57593095 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.6665457 |
details, prediction |
Dai
DAI
|
-0.64650667 |
details, prediction |
Telcoin
TEL
|
-0.37730217 |
details, prediction |
True USD
TUSD
|
-0.31073382 |
details, prediction |
OriginTrail
TRAC
|
-0.2333215 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
-0.47237554 |
details, prediction |
Komodo
KMD
|
-0.25567326 |
details, prediction |
V Systems
VSYS
|
-0.06325327 |
details, prediction |
OPEN Platform
OPEN
|
0.116186656 |
details, prediction |
Matrix AI Network
MAN
|
0.17703973 |
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)