Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.6519922 |
details, prediction |
ZCash
ZEC
|
0.64002585 |
details, prediction |
Bitcoin
BTC
|
0.55723315 |
details, prediction |
Binance Coin
BNB
|
0.5256912 |
details, prediction |
ChainLink
LINK
|
0.5225231 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
0.7751411 |
details, prediction |
Synthetix Network Token
SNX
|
0.63150203 |
details, prediction |
Decred
DCR
|
0.48314047 |
details, prediction |
Request Network
REQ
|
0.4704376 |
details, prediction |
Decentraland
MANA
|
0.45172864 |
details, prediction |
|
Third tier
|
Constellation
DAG
|
0.75020295 |
details, prediction |
Bancor
BNT
|
0.59609383 |
details, prediction |
Dero
DERO
|
0.5396151 |
details, prediction |
HEROcoin
PLAY
|
0.51913303 |
details, prediction |
Wanchain
WAN
|
0.4930023 |
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
|
Stellar
XLM
|
-0.29081458 |
details, prediction |
Dogecoin
DOGE
|
0.36161444 |
details, prediction |
Bitcoin Cash
BCH
|
0.43594483 |
details, prediction |
Ethereum Classic
ETC
|
0.43687934 |
details, prediction |
XRP
XRP
|
0.44828308 |
details, prediction |
|
Second tier
|
True USD
TUSD
|
-0.116740376 |
details, prediction |
USD//Coin
USDC
|
-0.052909937 |
details, prediction |
Dai
DAI
|
-0.038351517 |
details, prediction |
Ardor
ARDR
|
0.22645493 |
details, prediction |
Basic Attention Token
BAT
|
0.285153 |
details, prediction |
|
Third tier
|
OPEN Platform
OPEN
|
-0.36231557 |
details, prediction |
BABB
BAX
|
-0.3561819 |
details, prediction |
Propy
PRO
|
0.03532675 |
details, prediction |
SysCoin
SYS
|
0.06761233 |
details, prediction |
Matrix AI Network
MAN
|
0.097901486 |
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)