Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
ZCash
ZEC
|
0.6673144 |
details, prediction |
Binance Coin
BNB
|
0.5269705 |
details, prediction |
Monero
XMR
|
0.3869872 |
details, prediction |
Ethereum Classic
ETC
|
0.33214724 |
details, prediction |
Dogecoin
DOGE
|
0.2962297 |
details, prediction |
|
Second tier
|
Telcoin
TEL
|
0.7487504 |
details, prediction |
OriginTrail
TRAC
|
0.6572535 |
details, prediction |
Cosmos
ATOM
|
0.519906 |
details, prediction |
DASH
DASH
|
0.4464123 |
details, prediction |
Synthetix Network Token
SNX
|
0.32518673 |
details, prediction |
|
Third tier
|
Constellation
DAG
|
0.62415093 |
details, prediction |
V Systems
VSYS
|
0.5942367 |
details, prediction |
FunFair
FUN
|
0.5566942 |
details, prediction |
Stox
STX
|
0.46795428 |
details, prediction |
Bancor
BNT
|
0.43766105 |
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
|
-0.08072255 |
details, prediction |
Bitcoin Cash
BCH
|
-0.075952485 |
details, prediction |
Ethereum
ETH
|
-0.030787593 |
details, prediction |
KuCoin Shares
KCS
|
0.0712106 |
details, prediction |
Litecoin
LTC
|
0.075379744 |
details, prediction |
|
Second tier
|
True USD
TUSD
|
-0.22677058 |
details, prediction |
Verge
XVG
|
-0.11761192 |
details, prediction |
Ardor
ARDR
|
-0.11021925 |
details, prediction |
Nexo
NEXO
|
-0.086335875 |
details, prediction |
Decred
DCR
|
-0.0645905 |
details, prediction |
|
Third tier
|
BABB
BAX
|
-0.4603845 |
details, prediction |
SysCoin
SYS
|
-0.43206108 |
details, prediction |
Chronobank
TIME
|
-0.37263113 |
details, prediction |
Phantasma
SOUL
|
-0.370859 |
details, prediction |
OPEN Platform
OPEN
|
-0.32480946 |
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)