Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin
BTC
|
0.6806931 |
details, prediction |
Dogecoin
DOGE
|
0.6797076 |
details, prediction |
Monero
XMR
|
0.6705705 |
details, prediction |
ZCash
ZEC
|
0.6691275 |
details, prediction |
ChainLink
LINK
|
0.60789096 |
details, prediction |
|
Second tier
|
0x
ZRX
|
0.8682627 |
details, prediction |
iEx.ec
RLC
|
0.8265603 |
details, prediction |
Cosmos
ATOM
|
0.8178752 |
details, prediction |
Horizen
ZEN
|
0.7635147 |
details, prediction |
Ravencoin
RVN
|
0.6889305 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.97723585 |
details, prediction |
Bancor
BNT
|
0.91242784 |
details, prediction |
HEROcoin
PLAY
|
0.7743704 |
details, prediction |
Metal
MTL
|
0.7527304 |
details, prediction |
OPEN Platform
OPEN
|
0.7461307 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Theta 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
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
-0.07343473 |
details, prediction |
Stellar
XLM
|
-0.0579448 |
details, prediction |
TRON
TRX
|
0.0650371 |
details, prediction |
Bitcoin Cash
BCH
|
0.08356375 |
details, prediction |
Cardano
ADA
|
0.27462012 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.71342057 |
details, prediction |
USD//Coin
USDC
|
-0.482196 |
details, prediction |
Verge
XVG
|
-0.4739635 |
details, prediction |
Decred
DCR
|
-0.39442116 |
details, prediction |
Bitcoin Gold
BTG
|
-0.2596707 |
details, prediction |
|
Third tier
|
Dent
DENT
|
-0.7180673 |
details, prediction |
Constellation
DAG
|
-0.6130137 |
details, prediction |
FunFair
FUN
|
-0.60183626 |
details, prediction |
Wanchain
WAN
|
-0.5626934 |
details, prediction |
Phantasma
SOUL
|
-0.4646561 |
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)