Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.46637997 |
details, prediction |
Bitcoin Cash
BCH
|
0.40358293 |
details, prediction |
XRP
XRP
|
0.34686714 |
details, prediction |
Dogecoin
DOGE
|
0.34377095 |
details, prediction |
Bitcoin
BTC
|
0.33723262 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
0.6062305 |
details, prediction |
Request Network
REQ
|
0.43906346 |
details, prediction |
Nexo
NEXO
|
0.39551508 |
details, prediction |
HoloToken
HOT
|
0.3692869 |
details, prediction |
iEx.ec
RLC
|
0.35469997 |
details, prediction |
|
Third tier
|
Achain
ACT
|
0.59514916 |
details, prediction |
AdEx
ADX
|
0.4963398 |
details, prediction |
Phantasma
SOUL
|
0.49450675 |
details, prediction |
V Systems
VSYS
|
0.40916282 |
details, prediction |
Bancor
BNT
|
0.39977014 |
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
|
ZCash
ZEC
|
0.14622696 |
details, prediction |
Monero
XMR
|
0.15492253 |
details, prediction |
Binance Coin
BNB
|
0.24194737 |
details, prediction |
Litecoin
LTC
|
0.25529283 |
details, prediction |
Cardano
ADA
|
0.26211232 |
details, prediction |
|
Second tier
|
Ardor
ARDR
|
-0.08819749 |
details, prediction |
Ravencoin
RVN
|
-0.052412935 |
details, prediction |
Telcoin
TEL
|
-0.015063867 |
details, prediction |
Chiliz
CHZ
|
-0.004587434 |
details, prediction |
Waves
WAVES
|
-0.0016609799 |
details, prediction |
|
Third tier
|
BABB
BAX
|
-0.46583813 |
details, prediction |
NKN
NKN
|
-0.22412309 |
details, prediction |
Internet of Services
IOST
|
-0.1017409 |
details, prediction |
ICON
ICX
|
-0.08501936 |
details, prediction |
Matrix AI Network
MAN
|
-0.07585368 |
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)