Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Binance Coin
BNB
|
0.8607377 |
details, prediction |
Stellar
XLM
|
0.8402513 |
details, prediction |
XRP
XRP
|
0.8159497 |
details, prediction |
Litecoin
LTC
|
0.68942857 |
details, prediction |
Monero
XMR
|
0.64003754 |
details, prediction |
|
Second tier
|
Nexo
NEXO
|
0.7576908 |
details, prediction |
Tezos
XTZ
|
0.6900349 |
details, prediction |
HoloToken
HOT
|
0.6890291 |
details, prediction |
Theta
THETA
|
0.64527684 |
details, prediction |
DigiByte
DGB
|
0.6358368 |
details, prediction |
|
Third tier
|
Hydro Protocol
HOT
|
0.685181 |
details, prediction |
Enjin Coin
ENJ
|
0.63643974 |
details, prediction |
OPEN Platform
OPEN
|
0.6025894 |
details, prediction |
IoTeX
IOTX
|
0.6012228 |
details, prediction |
Stox
STX
|
0.5969421 |
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
|
-0.37263113 |
details, prediction |
Cardano
ADA
|
-0.015222192 |
details, prediction |
Ethereum Classic
ETC
|
0.019725649 |
details, prediction |
Crypto.com Chain
CRO
|
0.020852719 |
details, prediction |
Bitcoin Cash
BCH
|
0.079584576 |
details, prediction |
|
Second tier
|
Telcoin
TEL
|
-0.67693025 |
details, prediction |
Verge
XVG
|
-0.60003024 |
details, prediction |
Dai
DAI
|
-0.5727567 |
details, prediction |
USD//Coin
USDC
|
-0.44894886 |
details, prediction |
Ardor
ARDR
|
-0.33257776 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
-0.6396843 |
details, prediction |
V Systems
VSYS
|
-0.63161784 |
details, prediction |
Phantasma
SOUL
|
-0.61952186 |
details, prediction |
Wanchain
WAN
|
-0.5667752 |
details, prediction |
BABB
BAX
|
-0.52887243 |
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)