Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.2361035 |
details, prediction |
TRON
TRX
|
-0.22677058 |
details, prediction |
Bitcoin Cash
BCH
|
-0.2485604 |
details, prediction |
Monero
XMR
|
-0.25708625 |
details, prediction |
ZCash
ZEC
|
-0.26637843 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
0.37384766 |
details, prediction |
Dai
DAI
|
0.17477839 |
details, prediction |
Request Network
REQ
|
-0.18667297 |
details, prediction |
Telcoin
TEL
|
-0.20885503 |
details, prediction |
OriginTrail
TRAC
|
-0.21271208 |
details, prediction |
|
Third tier
|
FunFair
FUN
|
0.38292757 |
details, prediction |
Chronobank
TIME
|
0.33044437 |
details, prediction |
Propy
PRO
|
0.20827083 |
details, prediction |
Komodo
KMD
|
0.15966514 |
details, prediction |
NKN
NKN
|
0.13391672 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that True USD 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 True USD
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Ethereum
ETH
|
-0.38947827 |
details, prediction |
ChainLink
LINK
|
-0.37318724 |
details, prediction |
Bitcoin
BTC
|
-0.37264913 |
details, prediction |
Cardano
ADA
|
-0.36813694 |
details, prediction |
Ethereum Classic
ETC
|
-0.35400733 |
details, prediction |
|
Second tier
|
Algorand
ALGO
|
-0.48836812 |
details, prediction |
Synthetix Network Token
SNX
|
-0.46487087 |
details, prediction |
Siacoin
SC
|
-0.43986917 |
details, prediction |
DigiByte
DGB
|
-0.4346152 |
details, prediction |
Verge
XVG
|
-0.42799535 |
details, prediction |
|
Third tier
|
LAToken
LA
|
-0.53864545 |
details, prediction |
Stox
STX
|
-0.45935726 |
details, prediction |
Constellation
DAG
|
-0.45702824 |
details, prediction |
HEROcoin
PLAY
|
-0.44291985 |
details, prediction |
Power Ledger
POWR
|
-0.43630865 |
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)