Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Litecoin
LTC
|
0.9159252 |
details, prediction |
Bitcoin Cash
BCH
|
0.82179 |
details, prediction |
Dogecoin
DOGE
|
0.6352326 |
details, prediction |
Binance Coin
BNB
|
0.5523499 |
details, prediction |
XRP
XRP
|
0.09920541 |
details, prediction |
|
Second tier
|
Dai
DAI
|
0.8896846 |
details, prediction |
True USD
TUSD
|
0.64517164 |
details, prediction |
Verge
XVG
|
0.18958518 |
details, prediction |
DigiByte
DGB
|
0.14523828 |
details, prediction |
Decred
DCR
|
0.14338802 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
0.9490513 |
details, prediction |
Dero
DERO
|
0.89261943 |
details, prediction |
Komodo
KMD
|
0.5119435 |
details, prediction |
Elastos
ELA
|
0.5039287 |
details, prediction |
Constellation
DAG
|
0.44399926 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that TRON 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 TRON
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ChainLink
LINK
|
-0.804498 |
details, prediction |
Crypto.com Chain
CRO
|
-0.7845066 |
details, prediction |
Ethereum Classic
ETC
|
-0.6432865 |
details, prediction |
Cardano
ADA
|
-0.56886333 |
details, prediction |
ZCash
ZEC
|
-0.46711203 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.8151651 |
details, prediction |
Vechain
VET
|
-0.81515807 |
details, prediction |
Cosmos
ATOM
|
-0.8150815 |
details, prediction |
Chiliz
CHZ
|
-0.81166965 |
details, prediction |
Theta
THETA
|
-0.8059991 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.5920639 |
details, prediction |
V Systems
VSYS
|
-0.52601594 |
details, prediction |
Phantasma
SOUL
|
-0.52033204 |
details, prediction |
NEM
XEM
|
-0.49942085 |
details, prediction |
Kyber Network
KNC
|
-0.47576416 |
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)