Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
0.29704 |
details, prediction |
TRON
TRX
|
-0.116740376 |
details, prediction |
KuCoin Shares
KCS
|
-0.16604987 |
details, prediction |
XRP
XRP
|
-0.20281407 |
details, prediction |
Ethereum Classic
ETC
|
-0.20577691 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
0.6215 |
details, prediction |
Dai
DAI
|
0.18793407 |
details, prediction |
Crypto.com Chain
CRO
|
0.01095357 |
details, prediction |
Telcoin
TEL
|
-0.055170745 |
details, prediction |
Status
SNT
|
-0.07684714 |
details, prediction |
|
Third tier
|
Phantasma
SOUL
|
0.58788985 |
details, prediction |
Propy
PRO
|
0.43762746 |
details, prediction |
Matrix AI Network
MAN
|
0.32606778 |
details, prediction |
Achain
ACT
|
0.21453299 |
details, prediction |
V Systems
VSYS
|
0.018968973 |
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
|
Cardano
ADA
|
-0.5094943 |
details, prediction |
Binance Coin
BNB
|
-0.48191524 |
details, prediction |
Monero
XMR
|
-0.4761705 |
details, prediction |
Bitcoin Cash
BCH
|
-0.29401603 |
details, prediction |
Bitcoin
BTC
|
-0.28856182 |
details, prediction |
|
Second tier
|
Bitcoin Gold
BTG
|
-0.78125584 |
details, prediction |
Decred
DCR
|
-0.41066745 |
details, prediction |
DigiByte
DGB
|
-0.37539846 |
details, prediction |
Algorand
ALGO
|
-0.37239859 |
details, prediction |
Horizen
ZEN
|
-0.354905 |
details, prediction |
|
Third tier
|
Dero
DERO
|
-0.7092419 |
details, prediction |
HEROcoin
PLAY
|
-0.40082985 |
details, prediction |
OPEN Platform
OPEN
|
-0.37266445 |
details, prediction |
IoTeX
IOTX
|
-0.34535524 |
details, prediction |
QuarkChain
QKC
|
-0.3381408 |
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)