Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
XRP
XRP
|
0.76197845 |
details, prediction |
Binance Coin
BNB
|
0.6709837 |
details, prediction |
Dogecoin
DOGE
|
0.64768845 |
details, prediction |
Litecoin
LTC
|
0.6329173 |
details, prediction |
Cardano
ADA
|
0.5846524 |
details, prediction |
|
Second tier
|
Tezos
XTZ
|
0.7858949 |
details, prediction |
Nexo
NEXO
|
0.7498762 |
details, prediction |
Theta Fuel
TFUEL
|
0.71691567 |
details, prediction |
Zilliqa
ZIL
|
0.7060272 |
details, prediction |
DigiByte
DGB
|
0.6370193 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.931466 |
details, prediction |
Stox
STX
|
0.7558904 |
details, prediction |
QuarkChain
QKC
|
0.72660285 |
details, prediction |
IoTeX
IOTX
|
0.7126691 |
details, prediction |
ARK
ARK
|
0.69060594 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Chronobank 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 Chronobank
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.6442543 |
details, prediction |
ZCash
ZEC
|
-0.05658801 |
details, prediction |
KuCoin Shares
KCS
|
0.13983968 |
details, prediction |
Ethereum
ETH
|
0.1834563 |
details, prediction |
Bitcoin
BTC
|
0.3999657 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.5108444 |
details, prediction |
Dai
DAI
|
-0.48566037 |
details, prediction |
Algorand
ALGO
|
-0.43490887 |
details, prediction |
True USD
TUSD
|
-0.3186923 |
details, prediction |
Bitcoin SV
BSV
|
-0.12143941 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.74266297 |
details, prediction |
Ontology
ONT
|
-0.69315046 |
details, prediction |
Phantasma
SOUL
|
-0.43133935 |
details, prediction |
NKN
NKN
|
-0.32613093 |
details, prediction |
FunFair
FUN
|
-0.31358334 |
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)