Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin
BTC
|
0.9221428 |
details, prediction |
ChainLink
LINK
|
0.8748888 |
details, prediction |
Dogecoin
DOGE
|
0.84514606 |
details, prediction |
Monero
XMR
|
0.8402985 |
details, prediction |
Ethereum Classic
ETC
|
0.80365056 |
details, prediction |
|
Second tier
|
0x
ZRX
|
0.87812346 |
details, prediction |
Horizen
ZEN
|
0.8714754 |
details, prediction |
iEx.ec
RLC
|
0.8675699 |
details, prediction |
Decentraland
MANA
|
0.83931017 |
details, prediction |
Zilliqa
ZIL
|
0.8390605 |
details, prediction |
|
Third tier
|
Bancor
BNT
|
0.90093285 |
details, prediction |
LAToken
LA
|
0.8410414 |
details, prediction |
HEROcoin
PLAY
|
0.83585614 |
details, prediction |
Storj
STORJ
|
0.8168852 |
details, prediction |
ICON
ICX
|
0.8016322 |
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
|
Stellar
XLM
|
-0.39456794 |
details, prediction |
TRON
TRX
|
0.13974266 |
details, prediction |
ZCash
ZEC
|
0.315261 |
details, prediction |
Crypto.com Chain
CRO
|
0.5647915 |
details, prediction |
Bitcoin Cash
BCH
|
0.6369035 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.87945414 |
details, prediction |
USD//Coin
USDC
|
-0.8791429 |
details, prediction |
True USD
TUSD
|
-0.25483832 |
details, prediction |
Telcoin
TEL
|
-0.037382692 |
details, prediction |
OriginTrail
TRAC
|
0.098127715 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
-0.8593745 |
details, prediction |
Komodo
KMD
|
-0.4191588 |
details, prediction |
NKN
NKN
|
-0.06288183 |
details, prediction |
Matrix AI Network
MAN
|
-0.03350077 |
details, prediction |
Dent
DENT
|
0.04823858 |
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)